ISLAMABAD, PAKISTAN - The International Monetary Fund said Thursday it had agreed with Pakistan to resume a suspended loan programme that will inject $1.17 billion into the struggling economy.
"Pakistan is at a challenging economic juncture," Nathan Porter, who headed the IMF team, said in a statement, adding external factors and domestic policies were to blame. A new coalition government -- which came to power after Khan was ousted by a parliamentary no-confidence vote -- has said it will make the tough decisions needed to turn the economy around.
Islamabad has so far received $3 billion from the programme, but with the facility due to end later this year, officials sought an extension until June 2023.
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