Pakistan makes formal request to IMF for another bailout

Pakistan has formally requested the International Monetary Fund (IMF) for a new bailout package, aiming for a sum between $6 to $8 billion under the Extended Fund Facility (EFF). The potential inclusion of climate financing could augment this amount, as reported by The News on Saturday.

However, the precise size and timeline of the bailout will only be finalized once a consensus is reached on…