INSUBCONTINENT EXCLUSIVE:
bailout for the cash-strapped nation, with the benchmark KSE (Karachi Stock Exchange) 100 index vaulting 2,400 points.PM Shehbaz Sharif
board later this month -- came after an eight-month delay and offered respite to Pakistan amid falling forex reserves that had pushed
Pakistan to the brink of foreign debt default.The agreed IMF funding, to be spread over nine months, was higher than expected
Islamabad was awaiting the release of a $1.2 billion from a larger $6.7-billion bailout package agreed in 2019
That programme expired last week.Back in Karachi, the bellwether KSE resumed on a high note as the markets opened after the Eid holidays,
surging a record 2,231.1 points to 43,683.78 points
