Pakistan Seeks IMF Bailout as Economy Struggles

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.