Pakistan has received a much-needed financial lifeline as the IMF Executive Board has approved the release of a USD 1.1 billion loan tranche, completing the second bailout package. This third installment marks the end of a crucial USD 3 billion standby arrangement, which has played a vital role in preventing Pakistan from defaulting on its sovereign obligations. With the current arrangement expiring at the end of this month, the loan disbursement is expected to be received promptly, possibly as early as Tuesday.