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Cash-Strapped Pakistan Gets Much-Needed IMF Bailout

Washington – The executive board of the International Monetary Fund approved almost $1.2 billion for Pakistan Monday, providing much-needed relief as the country grapples with an economic crisis worsened by massive floods.

‘Pakistan’s economy has been buffeted by adverse external conditions, due to spillovers from the war in Ukraine, and domestic challenges,’ Antoinette Sayeh, IMF deputy managing director and act