Pakistan receives $1.2 billion from IMF: Finance minister Dar July 13, 2023 at 02:28AM

The IMF has transferred $1.2 billion to Pakistan, Finance Minister Ishaq Dar said on Thursday, a day after the global lender approved a $3 billion bailout programme for the cash-strapped country. The International Monetary Fund (IMF) had signed a Stand-by Agreement at the end of June to provide Pakistan a short-term loan for a period of nine months and its executive board formally approved the $3 billion bailout programme on Wednesday to support the government's efforts to stabilise the country's ailing economy.