Home Economics & Business Pakistan likely to get additional US 4.5$ bln from IMF

Pakistan likely to get additional US 4.5$ bln from IMF

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ISLAMABAD: Pakistan is likely to get additional funding of $4.5 billion from the International Monetary Fund (IMF) and the US Government is also mulling to release more funds to Islamabad. According to a private TV channel, the amount of $4.5 billion is apart from the $4.5 billion that has been approved thus it is likely to double the figure making $9 billion.

US Secretary of State Hillary Clinton and US Defence Secretary Robert Gates have said that Pakistan needs aid on the urgent basis. According to reports, the sources have confirmed that on the directions of US President Barack Obama, payment of $1 billion from Coalition Support Fund is expected in the current month while the amount of $497 million is likely to be approved demanded by US Secretary of State. According to report, $1.5 billion would be transferred to Pakistan’s account from the United States at the end of current month.-ONLINE

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