IMF likely to approve $7b for Pakistan

According to reports cited by the media, the International Monetary Fund (IMF) Executive Board is expected to approve a $7 billion rescue package for Pakistan in August.
The International Monetary Fund (IMF) Executive Board meeting is scheduled for August, according to sources.
On July 12, Pakistan and the IMF struck a staff-level agreement. Within four to six weeks, the IMF Board is anticipated to finalise its acceptance of the accord.
According to officials in the Finance Ministry, Pakistan will get outside funding prior to the board meeting. Funding for climate change is not included in the current loan package. On the other hand, sources stated that November is when money for climate change and natural disaster concerns is anticipated.
The planned IMF climate finance request from Pakistan will be taken into consideration.