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IMF approves much-needed $1.1bn payout

• Lender’s acting chair advises ‘tight monetary policy • Govt required to raise power rates to meet Fund’s terms • Miftah thanks PM for ‘taking tough decisions’; Shehbaz calls it an outcome of ‘excellent team effort’ WASHINGTON: The Exe­cu­tive Board of the Interna­tional Monetary Fund (IMF) on Monday completed the …

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