The International Monetary Fund (IMF) has approved $6 billion loan package for Pakistan to resuscitate the country's ailing economy.
Around $1 billion will be immediately disbursed with the remainder to be phased in over the three-year period of the programme, subject to quarterly review.
Despite IMF's tough conditions, Pakistan has accepted the package in a bid to rein in mounting debts and stave off a looming balance of payments crisis.
An additional $38 billion from Pakistan's international partners will also be unlocked over the programme period.
Shein shares slide in Hong Kong debut on worries about trade, regulatory risks
DWTC gears up for packed calendar of events and exhibitions
UAE, Egypt continue cooperation on Banque Misr branches
UAE, Lebanon sign agreement to establish joint Business Council
