IMF approves $1.3bn loan to Pakistan

US - The International Monetary Fund has approved a $1.3bn loan for Pakistan, to help it battle poverty and offset the economic impact of the war in Afghanistan.

The loan, under the IMF's anti-poverty programme, runs for three years and allows the Pakistan to draw $109m immediately.

Pakistan's case for borrowing the money was strengthened by its recent, first-ever completion of an IMF loan programme.

Its also won backing following its co-operation in the war on terror and the lifting of US-im