Pakistan has secured yet another lifeline. On Monday, the IMF's Executive Board approved a $1.3 billion disbursement after granting waivers for several missed targets and extracting fresh commitments from Islamabad to plug a widening revenue gap. The decision keeps the country's $8.4 billion Extended Fund Facility and Resilience and Sustainability Facility programmes on track.

What's surprising is that Pakistan yet again stumbled on key conditions, but ultimately walked away with........

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