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Pakistan Seeks IMF Bailout as Economy Struggles
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Pakistan's Finance Minister expresses possibility of seeking another IMF bailout as the country faces a fragile economy and significant debt. The IMF has agreed to provide $700 million in funding for Pakistan's second tranche of the bailout, bringing total disbursements under the program to almost $1.9 billion. China has rolled over a $2.4 billion loan for Pakistan for two years to help the country overcome its economic crisis and boost its foreign exchange reserves. The IMF has approved a $3 billion bailout for Pakistan to save the nation from defaulting on its debt repayments.
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How will the IMF bailout impact Pakistan's economy?
How will the rollover of the Chinese loan affect Pakistan's foreign exchange reserves?
What are the potential risks associated with Pakistan's significant debt?
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