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.