The International Monetary Fund (IMF) has approved $6 billion loan package for Pakistan to resuscitate the country's ailing economy.
Around $1 billion will be immediately disbursed with the remainder to be phased in over the three-year period of the programme, subject to quarterly review.
Despite IMF's tough conditions, Pakistan has accepted the package in a bid to rein in mounting debts and stave off a looming balance of payments crisis.
An additional $38 billion from Pakistan's international partners will also be unlocked over the programme period.
Indian state shuts some Domino's, Pizza Hut outlets, citing hygiene lapses
ADNOC's XRG advances global gas strategy with Venezuela entry
Iger, Kushner purchasing Lakers for record $12.5 billion
Chair of India's Tata to step down after tension with controlling charity
Emirates offers flyers to Dubai unlimited free date changes
