Islamabad The International Monetary Fund (IMF) on Sunday delayed releasing a third installment of $ 450 million (Rs 34,38,85,50,000) to Pakistan in the wake of the coronovirus epidemic, a media report has said. News International’s report said that the current system of $ 6 billion (Rs 4,58,51,40,00,000) was expanded. Fund Facility (EFF), approval of the third installment may take a while as all macro-economic targets have been shaken.
However, the IMF’s management has agreed to consider Pakistan’s separate request to provide $ 1.4 billion under the Rapid Finance Instrument (RFI) to deal with the COVID-19 epidemic. Pakistan and IMF officials have not commented on the development. When the IMF’s Resident Chief Teresa Daban Sanchez in Pakistan was questioned about the $ 1.4 billion clearance under the RFI, she told The Express Tribune that it had not yet been announced by the IMF board of directors. The IMF team is working hard for this.
