Pakistan strikes deal with IMF


Business & Finance

Pakistan’s finance minister told Reuters exclusively that the cash-starved country was close to a bailout deal with the International Monetary Fund. Within hours, the IMF announced a $3 billion standby arrangement to help it tide over a balance of payments crisis and Reuters was again the first to report it. The deal is a life-saver for the nuclear-armed country that is teetering on the brink of default for months.

Market Impact

The funds under discussion would offer some respite to Pakistan which is battling an acute balance of payments crisis and falling foreign exchange reserves. 

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & Finance

Regions: Middle East

Countries: Pakistan

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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