WASHINGTON (Reuters) - The International Monetary Fund on Friday disbursed $555.9 million (326.52 million pounds) to Pakistan, confirming the South Asian country was on track with the conditions of its IMF loan programme.
The IMF saved Pakistan from possible default by agreeing last September to lend it $6.8 billion over three years. The cash is being doled out in increments and could stop if Pakistan fails to institute reforms, including cracking down on tax evasion and practising loss-making state companies.
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