Pakistan to get $6 billion IMF bailout


Pakistan is set to secure around $6 billion over the next three years in a bailout from the International Monetary Fund (IMF).

It's the 13th bailout since the late 1980s that the country has received from the IMF.

"Pakistan is facing a challenging economic environment, with lackluster growth, elevated inflation, high indebtedness, and a weak external position," IMF representative Ernesto Ramirez Rigo said.

The funding still needs approval from the IMF's management.

More from Business

Coming Up on Dubai Eye

  • Off Script with Chris, Robbie & Sonal

    5:00pm - 7:00pm

    The UAE’s alternative take on news, entertainment and sport. Join Chris, Robbie and Sonal as they cut through the clutter to bring you the news, entertainment and sport stories that actually matter.

  • Extra Time

    7:00pm - 8:00pm

    Chris & Robbie bring you the latest from the sporting world plus interviews with upcoming and legendary sporting stars.

On Dubai Eye

Business Breakfast