Pakistan Gets Initial IMF Approval for $1.2 Billion of Loans

Pakistan reached an initial agreement with the International Monetary Fund to unlock about $1.2 billion from a $7 billion bailout program, as geopolitical risks from the conflict in the Middle...

By Bilal Hussain, Saikat Das · Bloomberg Markets

Pakistan reached an initial agreement with the International Monetary Fund to unlock about $1.2 billion from a $7 billion bailout program, as geopolitical risks from the conflict in the Middle East threaten to upend its economic recovery.