The International Monetary Fund has approved the disbursement of about $1bn (£752m) to Pakistan, drawing protests from India amid an escalating military conflict between the two nuclear-armed neighbours.
The money is part of a $7bn (£5.3bn) loan programme that the lender agreed with Islamabad last year. The loan, which Pakistan is scheduled to receive in installments over 37 months, is aimed at boosting its ailing economy. It’s reportedly designed to restore macroeconomic stability through fiscal discipline, monetary tightening and structural reforms.
