Author: Amjad Qaimkhani

Of the total financing, $1.09 billion comes from Pakistan’s ongoing assistance program, with $200 million earmarked for climate change initiatives (Catchline) By Amjad Qaimkhani WASHINGTON: The International Monetary Fund (IMF) approved a $1.29 billion disbursement for Pakistan, officials confirmed, marking a significant boost to the country’s foreign exchange reserves and a further demonstration of confidence in Islamabad’s economic management. Of the total, $1.09 billion was allocated under Pakistan’s ongoing assistance program, while $200 million was designated for projects addressing climate change. Sources indicated that the funds were expected to reach Pakistan within a day or two of the approval. This…