IMF loan cuts Pakistan default risk but investors stay away
Pakistan has lined up a $7.6bn standby facility from the International Monetary Fund, raising hopes that the country will be able to stave off a default on its foreign debt.
The IMF said on Saturday it had agreed on the key elements of the rescue package, freeing up Pakistan to seal further financing from donor countries, but the facility had little impact on the Asian markets.
The IMF is prepared to help Pakistan by providing a high level
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