Pakistan strikes deal with IMF
Reuters
Pakistan’s finance minister told Reuters exclusively that the cash-starved country was close to a bailout deal with the International Monetary Fund. Within hours, the IMF announced a $3 billion standby arrangement to help it tide over a balance of payments crisis and Reuters was again the first to report it. The deal is a life-saver for the nuclear-armed country that is teetering on the brink of default for months.
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