IMF Board May Meet Earlier To Approve Pakistan's Tranche.

The International Monetary Fund's (IMF) Executive Board meeting to approve the release of the tranche for Pakistan is expected to take place before August 20.

The board's approval is a prerequisite for the release of the seventh and eighth tranches of a $6 billion loan programme for Pakistan - that the country had signed with the IMF in 2019.

The disbursement of the latest tranches, which amount to $1.7 billion have been pending since earlier this year after the lender objected to Pakistan's economic policies.

The IMF and Pakistan had reached a staff-level agreement that revived the $6 billion Extended Fund Facility (EFF) programme for the country in July - but the loan release is subject to the board's approval.

According to the reports, the executive board may meet later this week as the lender's summer recess ends on August 12.

It was earlier reported...