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    <title>IMF approves USD 1 billion loan for Pakistan</title>
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    <description>The IMF approved an immediate disbursement under Pakistan&#039;s Extended Fund Facility and authorised access under the Resilience and Sustainability Facility, subject to programme reviews. Further instalments depend on completion of periodic reviews and implementation of agreed reforms, including tax measures, energy tariff adjustments, water pricing, a carbon levy and sector liberalisation. India protested the extension of fresh credit over concerns that sovereign financing could be misused for state sponsored cross border terrorism, while Pakistan characterised IMF support as key to stabilisation and recovery.</description>
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