Islamabad – Pakistan and the International Monetary Fund (IMF) reached an agreement for the allocation of $1.1 billion for a bailout package, aimed at bolstering the economy of the South Asian country. “The IMF team has reached a staff-level agreement with the Pakistani authorities on the second and final review of Pakistan’s stabilization program,” the IMF said in a statement on Wednesday. Pakistan’s economy was pulled back from the brink amid fears of default when the IMF approved a short-term $3 billion bailout package. Pakistan has already received $1.9 billion of the $3 billion program si…