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.
Nakheel awards contract to upgrade western shoreline at Dubai Islands
UAE and Thailand conclude trade deal talks
Abu Dhabi unveils major AI training programme for government and public
IMF reaches staff deal with Pakistan, potentially unlocking $1.2 billion
African Union launches continent's first credit rating agency
