ISLAMABAD -- Pakistan's leader is hailing a new $7 billion IMF loan as his country's last bailout, but Islamabad was forced to make major concessions to get the deal done, including scrapping China-backed special economic zones.
The Washington-based fund's board approved the 37-month loan on Wednesday, after an unusually long delay that had raised fears over the deal's future, following an initial agreement in July.
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)