Pakistan PM Sharif welcomes IMF's $7bn funding agreement

Leader credits China, Saudi Arabia for help in meeting 'strict' loan conditions

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Pakistani Prime Minister Shehbaz Sharif attends the 79th United Nations General Assembly at U.N. headquarters in New York on Sept. 24. © Reuters

(Reuters) -- Pakistani Prime Minister Shehbaz Sharif welcomed the International Monetary Fund's decision to approve a $7 billion funding agreement with the country, his office said on Wednesday.

Islamabad had been working on implementing conditions that Sharif had previously called "strict" from the IMF to complete the 37-month loan program agreed to in July, which the country hopes will be its last.

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