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The International Monetary Fund (IMF) has approved the first review of its $7 billion loan program with Pakistan, unlocking a $1 billion cash tranche for the cash-strapped country, the Pakistani government announced on Friday.
In a statement from the Prime Minister’s Office, Shehbaz Sharif expressed gratitude and optimism over the IMF's decision, calling it a critical step toward financial stability. However, the IMF did not issue an immediate comment in response to the request.
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