Washington: The International Monetary Fund (IMF) on Monday approved last tranche of 1.10 billion dollar of three billion dollar completing the stand-by arrangement agreement.
The IMF Executive Board Meeting was held in Washington which approved the last part payment of 1.10 billion dollar.
After approval of the IMF executive board the tranchee will be released to Pakistan.
With this last tranche Pakistan has completed the stand-by arrangement facility of the IMF of whopping amount of three billion dollars.
Pakistan has received 1.9 billion dollars already in two tranches.
