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 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.)