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The Grass Roots - Senator C

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IMF approves $1.05 billion in latest Pakistan loan

The International Monetary Fund (IMF) announced Thursday that it had approved the release of $1.05 billion for Pakistan. The IMF said it had approved release of the new funds after a review of Pakistan&;s economic performance. Plagued by a bloody home-grown Taliban insurgency, Pakistan is battling to get its shaky economy back on track and solve a chronic energy crisis that cripples industry.