IMF approves $7bn bailout for Pakistan to support economic reforms and stabilize finances.

The IMF has approved a $7 billion bailout for Pakistan, aiming to support economic reforms and stabilize its financial situation. Following the announcement, Pakistan's stock market reached a record high. The package includes an immediate disbursement of $1 billion and emphasizes the need for sound policies to address long-standing economic challenges. This marks Pakistan's 21st IMF bailout since 1958, reflecting ongoing economic volatility.

September 26, 2024
231 Articles

Further Reading