Islamabad: The International Monetary Fund (IMF) has issued calendar of schedule in respect of Executive Board meeting.

IMF has summoned Executive Board meeting on December 8 for immediate approval to disbursement of second installment of loan to Pakistan.

This disbursement follows the IMF Executive Board's approval of a staff-level agreement on the second

review of the $7 billion Extended Fund Facility (EFF) and the first review of the $1.4 billion Resilience and Sustainability Fund (RSF).

In IMF Executive Board meeting approval will be accorded for disbursement of installment of 1.2 billion dollars to Pakistan.

Pakistan will receive one billion dollars under EFF loan program.

20 crore dollars will be released under the head of climate financing.

Under the agreement 1.2 billion dollars are likely to be shifted to the account of Pakistan on December 9.

Collective payments will reach about 3.3 billion dollars under both of the programs.

It is being expected from Pakistan that it will publish Governance and Corruption Diagnostic (GCD) Assessment Report before meeting.

According to authorities the differences have now been removed and Pakistan has assured report will be published before the meeting of the board.

It is pertinent to mention here a staff level agreement was reached between Pakistan and IMF on October 14 in connection with second review of 7 billion dollars Extended Fund Facility (EFF) and first review of 1.40 billion dollars Resilience and Sustainability Fund (RSF)