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Crisis-hit Pakistan strikes $3bn funding deal with IMF

2023-06-30 12:54
The South Asian nation is facing its worst economic crisis since independence from Britain in 1947.
Crisis-hit Pakistan strikes $3bn funding deal with IMF

Crisis-hit Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) over $3bn (£2.4bn) of funding.

The deal, which still needs to be approved by the global lender's board, comes after an eight-month delay.

The South Asian nation is facing its worst economic...