Tag: IMF approves $3 billion bailout program for Pakistan

  • IMF approves $3 billion bailout program for Pakistan

    IMF approves $3 billion bailout program for Pakistan

    Islamabad The International Monetary Fund (IMF) has announced that its executive board has approved a significant $3 billion bailout program for Pakistan, of which $1.2 billion will be disbursed immediately to help the cash-strapped country. The global lender’s announcement on Wednesday comes just weeks after the IMF and Pakistan reached a standby arrangement on June…