IMF approves $1 bln Pakistan payout despite India's objections
Bogdan Hofbauer
WASHINGTON The International Monetary Fund ( IMF ) has approved a loan program review for Pakistan , unlocking around $1 billion in much-needed funds and greenlighting a new $1.4 billion bailout despite India's objections. Pakistan came to the brink of default in 2023, as a political crisis compounded an economic downturn and drove the nation's debt burden to terminal levels. It was saved by a $7 billion bailout from the IMF, its 24th since 1958. "The authorities have demonstrated strong
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