Pakistan has received "significant financing assurances" from China, Saudi Arabia and the United Arab Emirates linked to a new International Monetary Fund program that go beyond a deal to roll over $12 billion in bilateral loans owed to them by Islamabad,

The IMF’s executive board approves a $7 billion 37-month loan agreement, backed by significant financial assurances from China, Saudi Arabia, and the UAE.

The International Monetary Fund agreed to loan Pakistan US$7 billion (RM29 billion) to bolster its faltering economy, approving a relief package

The International Monetary Fund (IMF), agreed to loan Pakistan $7 billion to bolster its faltering economy, approving a relief package the government said would not have been possible without the support of China.

Pakistani officials say the executive board of the International Fund has approved a new $7 billion loan for the country.

Pakistan has received "significant financing assurances" from China, Saudi Arabia and the United Arab Emirates linked to a new International Monetary Fund program that go beyond a deal to roll over $12 billion in bilateral loans owed to them by Islamabad,

The country has relied on IMF loans to meet its needs for decades The International Monetary Fund (IMF) has approved a $7bn (£5.25bn) loan to cash-strapped Pakistan. The country is due to receive the first $1bn of the loan immediately,

Pakistan said Thursday it would have to go through "transitional pain" after the International Monetary Fund agreed to a new relief package of $7 billion to bolster its faltering economy.

Pakistan's benchmark share index hit a life-time high in opening trade on Thursday, hours after the International Monetary Fund's board approved a long-awaited $7 billion bailout deal for the struggling economy.