Pakistan Reaches New $7 Billion Loan Deal with IMF

TEHRAN (Tasnim) - Pakistan has reached a staff-level agreement for a new $7 billion loan deal, the International Monetary Fund said Friday, the country's latest turn to the global lender for help in propping up its economy and dealing with its debts through big bailouts.

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Earlier this year, the IMF approved the immediate release of the final $1.1 billion tranche of a $3 billion bailout t