IMF to disburse $2.77 Billion COVID 19 fund in Pakistan
Minister 'Shaukat Tarin' announced that that the IMF would disburse $2.77b unconditional loan at zero mark-up by August 23, 2021. This will help Pakistan with losses amid the COVID 19 situation.
On Thursday 12th August, Minister for Finance and Revenue 'Shaukat Tarin' announced that on 23rd August Pakistan will receive $2.77 billion from the International Monetary Fund (IMF). This disbursement of amount is a part of IMF's general allocation of $650 billion. IMF is taking this initiative to boost global liquidity affected due to wide spread of COVID 19 virus. IMF will distribute the general allocation amongst all its members , it will be a great help to those badly affected.
Shaukat Tarin talked about the situation in a press conference. He said that the amount will be directly tran...