Pakistan is waiting on an important decision from a group that lends money to countries around the world, the International Monetary Fund (IMF).
This group is scheduled to meet next week on April 29th to discuss giving Pakistan $1.1 billion. This money is the final part of a larger loan agreement Pakistan made with the IMF last year.
This loan was crucial for Pakistan to avoid running out of money. The country has a lot of debt to pay back, and its reserves of foreign currency are low. Pakistan is hoping to get another, even bigger loan from the IMF soon. This new loan would be for several years and would help Pakistan make some important changes to its economy.
These changes could help Pakistan grow its economy and control inflation, which has been very high recently. If approved, this would be the 24th time the IMF has loaned money to Pakistan. It shows the challenges Pakistan faces in managing its finances.