Pakistan reaches deal with IMF over stalled bailout package

Cash-strapped Pakistan and the IMF on Thursday signed a staff-level agreement after tough parleys, unlocking over $1 billion loan tranche under Extended Fund Facility (EFF) for the country's ailing economy.A meeting took place between Prime Minister Shehbaz Sharif and the International Monetary Fund (IMF) delegation, where the mission informed the premier about the agreement.

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