COVID-19: IMF approves nearly $1.4 billion to Pakistan to meet balance of payment crisis

The International Monetary Fund Thursday approved the disbursement of USD1.386 billion as financial assistance to Pakistan to meet its urgent balance of payment needs stemming from the COVID-19 outbreak. The IMF's decision comes at the request of Pakistan, which faces an urgent balance of payment crisis. This is in addition to the USD 6 billion bailout package that Islamabad signed with the IMF in July last year to stave off a balance of payment crisis. 

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