Pakistan handed $6bn lifeline from IMF

Pakistan has secured a $6 billion bailout package from the International Monetary Fund (IMF).

The funding, which still needs approval from the IMF's management, would be provided over three years in a bid for the country to stave off an economic crisis.

The agreement comes after months of negotiations and marks the latest in a string of bailouts from the fund.

The BBC reports that some analysts have warned that any fresh IMF injection could harm Prime Minister Imran Khan's pledges to build a welfare state due to the typically strict conditions upon which bailouts are granted.