The International Monetary Fund (IMF) has agreed to enable Pakistan to use $2.78 billion, equivalent to Rs500 billion, to cover its budgetary side requirements, which were allocated to it to combat the COVID-19 pandemic, in a huge indication of relief.
The IMF normally helps recipient nations with their balance of payments (BoP), but in some situations, it permits them to use its resources to fund their budgetary needs as well.
