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The Independent UK
The Independent UK
National
Zarar Khan

The IMF agrees to a long-awaited bailout for Pakistan of $3 billion

Copyright 2021 The Associated Press. All rights reserved

The International Monetary Fund agreed to provide $3 billion to Pakistan — a long-awaited relief to bail out the impoverished country's ailing economy.

The nine-month agreement must be approved by the IMF’s Executive Board, which is expected to make a final decision in mid-July, a top IMF official, Nathan Porter, said in a statement late Thursday.

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