ISLAMABAD (92 News) - International Monetary Fund on Saturday approved release of about 506 million dollars as part of three-year loan programme supported by an Extended Fund Facility (EFF).
In a statement issued in Washington, IMF said the tranche was released after the board completed the seventh review of Pakistan's economic performance under EFF.
With the release of the latest tranche, the total amount so far disbursed to Pakistan comes to about 4.05 billion dollars. This will take the country's foreign exchange reserves to 18.7 billion dollars.
IMF Acting Chair Mitsuhiro Furusawa said progress toward macroeconomic stabilization in Pakistan is encouraging.
He said the planned fiscal adjustment in the context of the fiscal year 2015-16 budget is appropriate.
About 92 News HD Live Main TV Channel of Pakistan:
92 News (also known as 92 News HD Plus (Channel 92) is a conservative Urdu language TV channel based in Lahore, Pakistan.
Mian Muhammad Hanif is the chairman of the channel.
This TV channel is a subsidiary of Madinah Group under Galaxy Media Group.
The channel's name, 92, is to celebrate the 1992 Cricket World Cup won by Pakistan. The number 92 is also the telephone country calling code of Pakistan, which is another major reason behind the channel's name.
92 News HD is Pakistan’s first HD Plus News Channel. Aims to bring credible & responsible News & important stories from Pakistan & around the World
We bring you Latest Pakistani and International News at 92 News Hd Plus to Read and Watch
We believe in genuine and true journalism, we do not prevail sensation just for ratings.
We do not hide news but never tend to add any unethical content or angling that goes against the norms of our religion Islam and Pakistan's culture.
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