The International Monetary Fund has approved a fresh $1.2 billion funding package for Pakistan under its ongoing economic support and climate financing programmes.
According to reports released on Friday, the IMF Executive Board approved the latest tranche during a meeting held in Washington.
Under the approved package, Pakistan will receive $1 billion through the Extended Fund Facility (EFF), while an additional $200 million will be provided under the Resilience and Sustainability Facility (RSF), which focuses on climate-related financing and economic resilience initiatives.
The latest approval is expected to provide further financial stability and support Pakistan’s ongoing economic reform and climate adaptation efforts.
