IMF clears payment of $501 million to Pakistan
The International Monetary Fund (IMF) on Monday cleared payment of $501 million for Pakistan. This takes the total amount given to the country to $6.1 billion since the signing of the Extended Fund Facility (EFF) arrangement in 2013. Under the EEF agreement, the IMF had approved a 36-month extended arrangement for disbursement of $6.64 billion to Pakistan. 