Pakistan seals $7bn IMF funding package
Institution says bilateral support will be necessary to meet objectives
Pakistan has agreed a three-year $7 billion loan with the International Monetary Fund (IMF) following the completion of its earlier $3 billion standby arrangement.
The IMF said on July 12 that the latest extended fund facility (EFF), Pakistan’s twenty-fourth loan from the institution, would support the ailing economy’s stability and growth.
Pakistan’s economy deteriorated after June 2022 as a result of heavy flooding and a protracted political crisis. The current government was formed by prime
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