Pakistan has received final approval for an IMF USD 3 bln loan package. The fund’s executive board approved a nine-month stand-by arrangement to support the country’s economic stabilization program, allowing an immediate disbursement of about USD 1.2 billion. The approval will help ease Pakistan’s cash crisis and support its economy, which has to repay USD 25 bln of debt in the fiscal year starting this month, an amount more than five times its FX reserves as of June. Additionally, Pakistan received a USD 2 bln deposit from Saudi Arabia and USD 1 bln from the UAE this week.