IMF aid

World News

IMF Greenlights $700 Million Aid Boost for Pakistan’s Economy

Pakistan has secured final approval for the disbursement of approximately $700 million in aid from the International Monetary Fund (IMF), providing a crucial boost to its struggling economy ahead of upcoming elections. The IMF’s executive board approved the loan, with Pakistan’s dollar bonds experiencing significant gains in emerging markets. Antoinette Sayeh, IMF deputy managing director, acknowledged Pakistan’s progress in stabilizing…