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The International Monetary Fund Thursday approved the disbursement of USD1.386 billion as financial assistance to Pakistan to meet its urgent balance of payment needs stemming from the COVID-19 outbreak. The IMF's decision comes at the request of Pakistan, which faces an urgent balance of payment crisis. This is in addition to the USD 6 billion bailout package that Islamabad signed with the IMF in July last year to stave off a balance of payment crisis. 

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