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The understanding was reached after the crucial talks between Pakistan's newly-appointed Finance Minister Miftah Ismail and IMF Deputy Managing Director Antoinette Sayeh in Washington ....
Cash-strapped Pakistan and the IMF have agreed to extend the stalled bailout package by up to one year and increase the loan size to USD 8 billion, giving a breathing space to the new government led by Prime Minister Shehbaz Sharif. ....