Pakistan, IMF reach deal for release of $1b tranche

Pakistan and the International Monetary Fund (IMF) have reached a deal for the release of a $1 billion tranche after the latter gave its nod to the budgetary adjustments for fiscal year 2022-23.

IMF representative Esther Perez Ruiz said they have agreed to the budgetary estimates set for the next fiscal year and the economic policies of the country, according to Bloomberg.

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