China's Support Saves Pakistan from Default, says PM Shehbaz Sharif Following $3 Billion IMF Bailout
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Introduction Pakistan's Prime Minister, Shehbaz Sharif, expressed his gratitude towards China for playing a vital role in securing a crucial $3 billion bailout package from the International Monetary Fund (IMF). The bailout aims to address Pakistan's economic challenges and stabilize its finances, as the country continues to grapple with economic instability. In this article, we will delve deeper into Shehbaz Sharif's remarks and explore the significance of China's support in Pakistan's pursuit of economic stability. Securing the IMF Bailout The IMF bailout package comes at a critical juncture for Pakistan, as the country faces major fiscal challenges exacerbated by the global COVID-19 pandemic. The economic impact of the pandemic, coupled with longstanding structural issues, has contributed to Pakistan's strained financial position. In light of this, the IMF bailout aims to support the country's recovery and pave the way for economic reforms . China's C