According to Finance Ministry sources, Pakistan will soon receive the second installment of loan amounting to USD 550 million from the IMF.

The approval for the issuance of second tranche of loan was granted by the IMF board of directors, sources said.

The IMF had approved in September the USD 6.6 billion loan for Pakistan to support its program to stabilize the economy and boost growth while expanding its social safety net to protect the poor.

The 36-month programme under the IMF's Extended Fund Facility aims at bringing down inflation and reducing the fiscal deficit to more sustainable levels.

(Agencies)

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