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Pakistan Phases Out Financing to Secure IMF Disbursement

3/22/2025

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Summary

Story summary

Pakistan's Economic Coordination Committee has taken a significant step by agreeing to phase out the State Bank's Rs330 billion financing facility to the Exim Bank, a crucial move to secure a $1.1 billion disbursement from the IMF. Additionally, they allocated Rs2 billion for media dues and Rs250 million for a new 1,000-bed medical center in Islamabad, aiming to bolster public health and support the media sector.

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Story summary

Pakistan's Economic Coordination Committee has taken a significant step by agreeing to phase out the State Bank's Rs330 billion financing facility to the Exim Bank, a crucial move to secure a $1.1 billion disbursement from the IMF. Additionally, they allocated Rs2 billion for media dues and Rs250 million for a new 1,000-bed medical center in Islamabad, aiming to bolster public health and support the media sector.