IMF Grants $3 Billion Bailout to Pakistan

The International Monetary Fund (IMF) has approved a $3 billion bailout program for Pakistan, with an immediate disbursement of $1.2 billion to help the cash-starved country. The approval comes at a challenging economic juncture for Pakistan, which has been facing fiscal and external deficits, rising inflation, and eroded reserve buffers. The funding aims to support the authorities' economic stabilization program and address the country's economic challenges.