IMF: (IMF approves 8th instalment of $500 mln)

ISLAMABAD: International Monetary Fund (IMF) has approved 8th instalment of $500 million for Pakistan.

The approval of the instalment was given by the International institution by its Board of Governors in Washington.

The amount approved by the IMF will be transferred to Pakistan next week that will help increase foreign exchange of the country. With the receipt of the instalment foreign exchange will cross the mark of $19 billion that will be a record.