Pakistan's Finance Minister Ishaq Dar on Friday announced that the UAE has approved $1 billion in financial support, taking the cash-strapped nation a step closer to unlocking the crucial IMF bailout. Pakistan is tackling a major economic crisis as it awaits a much-needed 1.1 billion tranche of funding from the Washington-based International Monetary Fund, part of a $6.5 billion bailout package the IMF approved in 2019.