The International Monetary Fund (IMF) has called its executive board meeting for Pakistan on December 8. A new tranche of $1.2 billion is likely to be approved for Pakistan in the meeting.

According to sources, this amount will be provided to Pakistan under the Extended Fund Facility (EFF) programme, under which Pakistan will receive $1 billion in the form of a loan.

It has been further informed that an additional $200 million will also be released to Pakistan under climate financing, which will be used for environmental projects.

According to experts, this tranche will help improve Pakistan’s foreign exchange reserves and economic stability.