IMF extends $450mn in urgent aid for Pakistan


The International Monetary Fund will give Pakistan $450 million in emergency flood aid and disburse funds in ‘coming weeks,’ IMF Managing Director Dominique Strauss-Kahn said on Thursday.

Strauss-Kahn said discussion with a delegation led by Pakistan’s Finance Minister Abdul Hafeez Shaikh on how to “reorganize” an $11 billion IMF loan program would continue. But he said Islamabad remained committed to terms including tax and energy sector reforms.

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