The International Monetary Fund executive board approved on Friday the first review of its $7 billion program with Pakistan, freeing $1 billion in cash, the Pakistani government said on Friday. "Prime

The International Monetary Fund (IMF) on Friday approved the immediate disbursement of $1 billion to Pakistan under the ongoing Extended Fund Facility (EFF), drawing sharp opposition from India, which warned the funds could be misused to support state-sponsored cross-border terrorism.

The International Monetary Fund (IMF) has approved the release of a $2.3 billion financial package for Pakistan, sparking sharp concerns from India.