Pakistan strikes deal with IMF
The International Monetary Fund (IMF) has announced a $3 billion standby arrangement to help Pakistan, which has been struggling with a balance of payments crisis, to get back on its feet. This comes after Pakistan's finance minister informed Reuters that the country was close to securing a bailout deal with the IMF. The agreement is a major relief for the nuclear-armed nation, which has been on the brink of default for months.0
