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Pakistan and IMF reach preliminary deal to release $1.2 billion from bailout package
The agreement would unlock $1.24 billion in IMF funds to support Pakistan's economy amid high inflation and a large external deficit, officials said.
- 0- Pakistan and the IMF have reached a staff-level agreement to release $1.2 billion from a $7 billion bailout package approved in July 2024. 1- The bailout is designed to help Pakistan avoid defaulting on its debt and support economic stability. 2- The IMF stated that Pakistan’s economic program is contributing to macroeconomic stability and rebuilding market confidence. 3- The agreement comes after Pakistan requested concessions from the IMF due to recent floods that killed over 1,000 people and affected around 7 million.
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Pakistan and IMF reach preliminary deal to release $1.2 billion from bailout package
Pakistan and the International Monetary Fund have reached a staff-level agreement for the release of $1.2 billion from the bailout package approved last year.
·United States
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IMF, Pakistan Reach Staff-Level Deal On $1.2 Billion Payout
The International Monetary Fund said on Tuesday it has reached a staff-level agreement with Pakistan on its loan program, which would allow the country to access $1.2 billion after approval from the fund's board.
·New Delhi, India
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Total News Sources25
Leaning Left6Leaning Right7Center3Last UpdatedBias Distribution44% Right
Bias Distribution
- 44% of the sources lean Right
44% Right
L 37%
C 19%
R 44%
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