Pakistan, April 28 -- The International Monetary Fund (IMF) has scheduled a meeting of its Executive Board on May 8 to consider the approval of a $1.2 billion installment for Pakistan under its ongoing financial assistance programme.

According to an official statement, the board will review Pakistan's third economic assessment under the Extended Fund Facility (EFF). The approval, if granted, would unlock the next tranche of funding aimed at supporting the country's macroeconomic stability and reform agenda.

Read More: IMF mission due in Pakistan next week for third economic review

In addition to the EFF review, the board is also expected to consider the second review of Pakistan's Resilience and Sustainability Facility (RSF), which foc...