Pakistan will pay $520 million against the International Monetary Fund (IMF) loan programme in two instalments in the current month.
Sources in the Finance Ministry said that a payment of $140 million would be made to the IMF on February 11, while another instalment of $380 million would be made on February 26 in a bid to “ease the burden of debt”.
Pakistan had entered into a loan deal amounting to $7.80 billion with the IMF in 2008 following pressures of piling up international dues. So far it has managed to return $2.38 billion to the IMF.
Pakistan to pay $520m in IMF debt this month
