(Reuters) - The executive board of the International Monetary Fund will meet on April 29 to discuss the approval of $1.1 billion funding for Pakistan, the Fund said on Wednesday.

The funding is the second and last tranche of a $3 billion standby arrangement with the IMF, which it secured last summer to avert a sovereign default.

(Reporting by Ariba Shahid and Asif Shahzad, writing by Rodrigo Campos, editing by Karin Strohecker)