Cash-strapped Pakistan and the International Monetary Fund have reached a three-year agreement on a $7 billion aid package, the Washington-based institution said, giving the South Asian country a much-needed financial breather.
According to the IMF statement, the new programme, which is to be endorsed by the Fund's Executive Board, should allow Pakistan to "consolidate macroeconomic stability and create the conditions for stronger, more inclusive and sustainable growth". | BGNES
