IMF likely to release $1.15bn tranche

GEO 436 WASHINGTON: The International Monetary Fund (IMF) board is scheduled to meet on Friday to consider the next tranche of Pakistan’’s $11.3 billion loan. Despite Pakistan failing to meet some of the targets under the IMF programme, the board is expected to approve the fifth tranche. Analysts say there appears to be flexibility on the part of the IMF, which understands that the important US ally is in a tight political and fiscal spot.

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