IMF Approves $7 Billion Loan to Strengthen Pakistan's Economy 🌍💰
The IMF has agreed to a $7 billion loan for Pakistan, aiming to bolster the country’s economic recovery through structural reforms. The programme, which Prime Minister Shehbaz Sharif hopes will be the last IMF-backed loan, reflects the government’s commitment to stabilizing the economy.
Shehbaz Sharif expressed his gratitude to the IMF, and international partners like Saudi Arabia, China, and the UAE, for their support in securing this crucial package. The reforms focus on enhancing the tax base, tackling the energy crisis, and ensuring inclusive growth for a more resilient economy.
While the road ahead might be challenging, the government is optimistic about the nation’s economic revival. Finance Minister Muhammad Aurangzeb acknowledged the transitional pain but emphasized the importance of structural reforms to make this the final IMF intervention.
PakistanBeat
IMF Approves $7 Billion Loan to Strengthen Pakistan's Economy 🌍💰
The IMF has agreed to a $7 billion loan for Pakistan, aiming to bolster the country’s economic recovery through structural reforms. The programme, which Prime Minister Shehbaz Sharif hopes will be the last IMF-backed loan, reflects the government’s commitment to stabilizing the economy.
Shehbaz Sharif expressed his gratitude to the IMF, and international partners like Saudi Arabia, China, and the UAE, for their support in securing this crucial package. The reforms focus on enhancing the tax base, tackling the energy crisis, and ensuring inclusive growth for a more resilient economy.
While the road ahead might be challenging, the government is optimistic about the nation’s economic revival. Finance Minister Muhammad Aurangzeb acknowledged the transitional pain but emphasized the importance of structural reforms to make this the final IMF intervention.
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6 months ago | [YT] | 3