Pakistan's finance chief says the International Monetary Fund has
agreed to provide a seven-point-six billion-dollar loan to help the
country stabilize its economy.
Top economic advisor Shaukat Tareen says the loan will prevent Pakistan from defaulting on its foreign debt.
Tareen told reporters in Karachi on Saturday that Pakistan will formally apply for the loan next week, but that the IMF has agreed to the deal.
Tareen says Pakistan expects its first IMF loan disbursements this year.