Pakistan secures preliminary deal for $6B IMF bailout
ISLAMABAD (AP) — The International Monetary Fund said Sunday it reached a preliminary agreement with Pakistan for a $6 billion bailout over the next three years to finance sweeping economic reforms.
Pakistan and the international lender reached a “staff level agreement” subject to approval by the IMF management and the executive board, IMF envoy Ernesto Ramirez Rigo said in a statement.
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