IMF to Review Pakistan New $7 Billion Loan on Sept. 25
Traffic flows down a road in Islamabad, Pakistan.
Photographer: Asad Zaidi/BloombergThis article is for subscribers only.
The International Monetary Fund’s executive board will review its new $7 billion loan program for Pakistan on Sept. 25 after a delay raised investor concerns.
The nation has arranged more than $2 billion in financing and assurances from lenders other than the IMF, Jameel Ahmad, governor of the State Bank of Pakistan, said at an analyst briefing Thursday after announcing a larger-than-expected cut to interest rates. The external funding was seen as the final requirement for an IMF loan.