Crisis-hit Pakistan strikes $3bn IMF bailout deal
Edited By WION Video Desk
Published: Jun 30, 2023, 22:40 IST | Updated: Jun 30, 2023, 22:40 IST
As the IMF agreed a three billion dollar deal to avert an impending economic catastrophe in the area, Pakistan has gained a much-needed lifeline. This IMF investment is a ray of hope for Pakistan's beleaguered economy, which has been suffering from a severe balance of payments problem and declining foreign reserves that have brought it perilously near to default. Pakistan's prime minister expressed gratitude to China and other friends for their assistance.
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