Pakistan and IMF reach preliminary deal for releasing $700 million from $3B bailout fund | AP News
ISLAMABAD (AP) — Pakistan and the International Monetary Fund reached a much-awaited preliminary agreement Wednesday for the release of $700 million from a $3 billion bailout fund approved by the international lender in July.The standby credit fund is meant to save cash-strapped Pakistan from default.The two sides reached the staff-level agreement during talks in Islamabad