WASHINGTON: The International Monetary Fund (IMF) said Monday its executive board approved a credit of 7.6 billion dollars for Pakistan, the Fund's first rescue in Asia since the global financial crisis began. The credit will "support the country's economic stabilization program," the IMF said in a brief statement. The Fund and Pakistan had already announced an agreement in principle earlier this month on the package, aimed at staving off a balance of payments crisis that has raised the prospect of the violence-hit nation defaulting on its foreign debts. Pakistan's precarious financial situation has caused worldwide alarm due to its role as a key ally in the US-led "war on terror" and its position as the Islamic world's only nuclear power.
Friday, August 14, 2009 MUMBAI: A 26-year-old woman died Thursday of H1N1 swine flu in the southern city of Bangalore, raising India's death toll from the virus to 20, authorities said.The death was the first reported in India's information technology capital, the Press Trust of India reported.Meanwhile in Pune, the worst-affected in India, two more victims of the virus died Thursday, raising the death toll in that western city near Mumbai to 12, the report said. The victims were an 11-month-old boy and a 75-year-old old woman.US media reported movie halls, schools and colleges were ordered closed Thursday for three days to a week in Mumbai, the commercial and financial capital of the country, as fear of the pandemic spread.Prajakata Lavangare, a spokeswoman for the government of Maharashtra state of which Mumbai is the capital, said similar orders were issued in Pune, which is also located in the state.The woman who died in Bangalore was identified only as Roopa, a teacher in...
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