Pakistan reaches $7 billion loan deal with IMF

Pakistan reached $7 billion with IMF over a 3-year extended fund facility arrangement to address the economic challenges, focusing on tax reforms and austerity measures. The country faces substantial foreign debt, inflation due to the Ukraine war, and increasing poverty levels. IMF forecasted a two percent growth with high inflation rates in the coming years.

from Times of India https://ift.tt/NFe5uWb