Islamabad will receive the loan in installments over 37 months, with the first installment expected soon, though the exact date is not yet known.
The development comes more than two months after the IMF reached a staff-level agreement with Pakistan for the new loan. / Photo: Reuters Archive
The loan — which Islamabad will receive in instalments over 37 months — is aimed at boosting Pakistan's ailing economy, officials said on Wednesday. Islamabad expects to receive the first instalment of the loan soon, though its exact date was not immediately known.
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