India, May 9 -- The International Monetary Fund (IMF) said on Friday that its board had completed reviews of some of its agreements with Pakistan, clearing the way for Islamabad to access about $1.32 billion in fresh funding immediately.

According to the IMF, Pakistan would be able to access the funds in two instalments, with about $1.1 billion under the Extended Fund Facility and about $220 million under the Resilience and Sustainability Facility. This means that Islamabad has now got a total of about $4.8 billion in disbursements under the two ongoing debt packages.

Pakistan is on a $7 billion IMF programme and reached a staff-level agreement in March.

"Amid a more challenging and highly uncertain external environment since the onset...