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Pakistan announces getting help from IMF worth $6 billion for 3 years

A top official has announced that Pakistan has reached an agreement with the International Monetary Fund on a bailout package, according to which the cash-strapped nation will receive $6 billion over three years. The staff-level agreement is currently waiting for formal approval from the IMF board of directors. The monetary help will support Pakistan to become stronger & grow by reducing domestic & external imbalances.