Pakistan's crumbling economy has been beset by decades of financial mismanagement and poor governance, as citizens are struggling to meet their basic needs. This is Pakistan's 25th loan from the IMF and it has become the lender's fifth-largest debtor.

Pakistan's benchmark share index hit a life-time high in opening trade on Thursday, hours after the International Monetary Fund's board approved a long-awaited $7 billion bailout deal for the struggling economy.