Pakistan will receive $1.2 billion from the International Monetary Fund (IMF) on Dec. 28, a central bank spokesman said on Thursday. "The money will be in our federal reserve account on Dec. 28," said Syed Wasimuddin, chief spokesman for the State Bank of Pakistan. Pakistan received approval for the $1.2 billion loan payment from the IMF on Wednesday, a big boost for a top U.S. ally in the fight against al Qaeda as it tries to restore stability amid political and economic turbulence.