BusinessIMF Approves $1.2 Billion Bailout for Pakistan Amid Economic Struggles
The IMF has agreed to release $1.2 billion to Pakistan under the Extended Fund Facility and Resilience and Sustainability Facility. This funding aims to support Pakistan's foreign exchange reserves amid volatile West Asian energy prices. However, Pakistan's economy remains structurally weak, relying heavily on repeated IMF bailouts since 1958, with new loans primarily servicing existing debt rather than funding growth or infrastructure.
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