Pakistan to get $1.4 billion in coronavirus aid from IMF

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WASHINGTON: The IMF on Thursday approved the disbursement of US$1.386 billion to Pakistan under the Rapid Financing Instrument to address the economic impact of the coronavirus shock. “While uncertainty remains high, the near-term economic impact of COVID-19 is expected to be significant, giving rise to large fiscal and external financing needs,” the international lender said in a statement.

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