Pakistan is set to secure around $6 billion over the next three years in a bailout from the International Monetary Fund (IMF).
It's the 13th bailout since the late 1980s that the country has received from the IMF.
"Pakistan is facing a challenging economic environment, with lackluster growth, elevated inflation, high indebtedness, and a weak external position," IMF representative Ernesto Ramirez Rigo said.
The funding still needs approval from the IMF's management.
UAE enters global top 10 in Government Support Index
The UAE has climbed six places to rank 10th globally in the 2026 Government Support Index, achieving its target of entering the world’s top 10.
Ambani's Jio IPO fully subscribed within hours in record Indian sale
Jio Platforms' $3.2 billion IPO was fully subscribed in less than two hours of public bidding on Wednesday, as investors flocked to India's largest share sale and the first from billionaire Mukesh Ambani's Reliance in two decades.
New agreement to support Hatta Sustainable Waterfalls project
Dubai Municipality will assume responsibility for the management, operation and development of facilities at the Hatta Sustainable Waterfalls project under a new agreement with Dubai Electricity and Water Authority (DEWA).
Dubai showcases sustainability and innovation at WETEX 2026
Dubai is hosting 3,000 exhibitors from 60 countries for the 28th edition of the Water, Energy, Technology and Environment Exhibition (WETEX).
