Pakistan's $7 Billion IMF Deal Nears Approval
Pakistan is advancing its negotiations with the IMF for approval of a 37-month loan program worth $7 billion. The approval is expected in September, according to Finance Minister Muhammad Aurangzeb.
![Pakistan's $7 Billion IMF Deal Nears Approval](https://devdiscourse.blob.core.windows.net/aiimagegallery/21_08_2024_09_58_59_045447.png)
- Country:
- Pakistan
Pakistan is making substantial progress in its negotiations with the International Monetary Fund (IMF) for the approval of a new loan programme, Finance Minister Muhammad Aurangzeb disclosed to Reuters via text message on Wednesday.
The proposed loan, valued at $7 billion over a span of 37 months, is set for board approval in September.
This development signals a significant move for the country in securing financial assistance and ensuring economic stability.
(With inputs from agencies.)
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