July 13, 2023 8:17 PM

IMF approves three billion dollar bailout for Pakistan

The International Monetary Fund's (IMF) board has given its approval for a three billion-dollar bailout for Pakistan. Pakistan will get about 1.2 billion dollars upfront, with the rest due to be paid out over the next nine months.   According to media reports, Pakistan also received funds from Saudi Arabia and the United Arab Emirates (UAE) this week.   The IMF deal came after eight months of tough negotiations over how to deal with serious long-term issues with Pakistan&#...