Pakistan Secures $3 Billion Bailout Package as IMF Approves Stand-By Arrangement

The International Monetary Fund (IMF) has granted Pakistan a much-needed financial lifeline with the approval of a 9-month Stand-By Arrangement (SBA) worth approximately $3 billion. This decision comes shortly after Pakistan reached a staff-level agreement with the IMF; the funds will aid the country’s economic stabilization program to address fiscal and external imbalances while providing […]