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Restart hope for IMF aid to save Pakistan from economic spiral

Restart hope for IMF aid to save Pakistan from economic spiral

ISLAMABAD: The International Monetary Fund (IMF) is likely to start the process of releasing tranches of a $6 billion loan to cash-starved Pakistan later this week, the Dawn newspaper reported on Monday, citing US-based IMF and diplomatic sources.
The multilateral lending institution had put the release of the seventh and eighth tranches of $1.7-billion —part of the larger $6-billion bailout package — on hold early this year after concerns about Islamabad’s compliance with the deal’s…


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