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IMF approves next installment of loan to Pakistan

ISLAMABAD: International Monetary Fund (IMF) on Friday approved the next grant of $502 milllion for Pakistan.

According to Radio Pakistan, the grant was approved in a meeting in Washington while considering the 10th report of the Extended Fund Facility program.

Federal Minister for Finance Ishaq Dar, while welcoming the approval, said that Pakistan has achieved macro-economic stability due to the economic reforms in the country and is on the path to economic growth.

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