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IMF approves $7.6bn package for Pakistan
The International Monetary Fund's (IMF) executive board has formally approved a $7.6 billion bailout package for Pakistan, a private TV channel reported on Monday. A Finance Ministry official said that the first instalment of $3.2 billion would reach the State Bank of Pakistan in seven to 14 days, the channel added. However, the channel said that the IMF had asked Pakistan to reduce its non-development expenditures.
Posted by: Fred 2008-11-25
http://www.rantburg.com/poparticle.php?ID=255923