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IMF Board to meet on July 12, to review Pakistan loan agreement.

IMF and Government of Pakistan, reached a long-awaited staff-level agreement on June 29, to inject US $ 3 Billion into Pakistan’s ailing economy on the brink of default. IMF executive board is set to meet on July 12 to review $ 3 Billion Standby Agreement with cash strapped Pakistan and likely to release first tranche of USD 1.1 Billion as part of this loan program.