The International Monetary Fund executive board approved on Friday a fresh $1.4 billion loan to Pakistan under its climate resilience fund and approved the first review of its $7 billion program, freeing about $1 billion in cash.

The International Monetary Fund (IMF) on Friday approved the immediate disbursement of about $1 billion to Pakistan under the ongoing Extended Fund Faci­li­ty, Shehbaz Sharif’s office said

India expressed its concerns at an IMF meeting regarding the approval of a $2.3 billion loan package for Pakistan, raising alarms over the potential misuse of funds for state-sponsored terrorism., Ind