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Pakistan Still Waiting for IMF Bailout

Washington – Cash-strapped Pakistan still does not have a date to close a key agreement with the International Monetary Fund (IMF) that will allow the release of a $1.1 billion bailout package. The IMF says the debt continues to be sustainable, however the situation has grown more pressing as the country’s central bank says it only has enough foreign exchange reserves to finance another four weeks of imports.

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