
Met all conditions: IMF justifies $1 billion bailout to debt-ridden Pakistan
The International Monetary Fund (IMF) said that Pakistan followed all the required rules to receive its latest loan instalment. On May 9, the IMF’s Executive Board completed its review and allowed a payment of $1 billion (around Rs 8,500 crore) to Pakistan. The fund is part of a support package under the Extended Fund Facility…