Debt-ridden Pakistan seeks $11 billion aid from China, Saudi Arabia
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Pakistan's caretaker government is reportedly in talks with China and Saudi Arabia to secure $11 billion in aid, aiming to keep the IMF bailout program on track and avoid an economic crisis. According to DAWN newspaper, caretaker finance minister Dr. Shamshad Akhtar shared that the government is working on an economic revival blueprint. The goal is to meet IMF conditions and unlock a $700 million loan installment, with discussions set to begin by the end of October.
