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IMF board to discuss Pakistan’s $7 bln bailout on Sept 25 as PM hails friendly states for support

  • The South Asian country reached a staff-level agreement with the global lender in July, but approval for the 37-month program has been pending since then
  • Pakistan’s last $3 billion IMF program helped avert a sovereign default last year, amid a decline in foreign exchange reserves and local currency devaluation
By Hasaan Ali Khan ·