Pakistan's Last-Minute IMF Bailout Chronicles

Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) for a $3 billion bailout, following a lengthy review process. The agreement comes under a stand-by arrangement (SBA) as the existing Extended Financing Facility (EFF) program expires. This marks the last-minute release of funds for Pakistan's cash-strapped economy, which has faced economic and political turmoil.