Particle.news

Download on the App Store

Pakistan Secures $7 Billion IMF Loan Amid Economic Crisis

The 37-month agreement aims to stabilize Pakistan's economy through stringent reforms and increased taxation.

  • The new loan deal is Pakistan's 25th with the IMF since independence.
  • Pakistan's government has committed to increasing its tax base and reducing its fiscal deficit.
  • The agreement includes controversial reforms, such as higher taxes and energy prices.
  • Public backlash is expected due to the austerity measures tied to the loan.
  • The IMF deal is seen as crucial for attracting additional foreign investments.
Hero image