IMF and Pakistan reach 1.2 billion dollar funding deal

Pakistan and the IMF reached a deal for a 1.2 billion dollar disbursement on Friday. The funding supports economic stability as global inflation risks persist.

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The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement regarding the South Asian nation's loan program. This development marks a significant step toward the release of approximately $1.2 billion in funding, as announced by the fund on Friday.

The International Monetary Fund logo is pictured outside its headquarters in Washington, D.C. REUTERS/Yuri Gripas/File Photo
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