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IMF to consider USD 1.4 bn loan to Pak to deal with adverse economic impact of COVID-19

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Press Trust of India Islamabad
Last Updated : Apr 13 2020 | 12:14 PM IST

The International Monetary Fund (IMF) is all set to consider a loan of USD 1.4 billion for cash-strapped Pakistan to boost its foreign exchange reserves in the wake of the economic slowdown due to the coronavirus crisis.

The USD 1.4 billion loan is in addition to the USD 6 billion bailout package that Pakistan has signed with the IMF in July last year to stave off a balance of payment crisis.

The global money lender

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First Published: Apr 13 2020 | 12:14 PM IST

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