Categories: Finances

IMF board approves Pakistan bailout programme By Reuters


© Reuters. FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo

(Reuters) – The board of the International Monetary Fund (IMF) approved a $3 billion, nine-month bailout programme for Pakistan on Wednesday, the IMF said.

Pakistan and the Fund had reached a staff level agreement late last month, securing much-needed funding for the cash-strapped country.

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