ISLAMABAD:The Internat­ional Monetary Fund (IMF) approved a fresh disbursement of around USD 1.2 billion to Pakistan under a bilateral arrangement, highlighting the country “maintained stability” despite the devastating floods. The IMF Exec­utive Board granted approval under a dual-track bailout, the 37-month Extended Fund Facility (EFF) and the climate-focused Resilience Sustainability Facility (RSF), on Monday in [...]

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