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Pakistan seeks fresh loan agreement with IMF . |
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ISLAMABAD: Amidst fears of inability to pay foreign debts in the coming financial year, Pakistan has decided to approach International Monetary Fund for a fresh agreement.
According to reports appeared in media, Pakistan will need $4.3 billion next year just to pay off the IMF debt. Pakistan started repaying a $7.6 billion loan it had received from the IMF under a standby arrangement signed in 2008.
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