Today’s Top News ⇒ Pakistan and IMF Reach Staff-Level Agreement on New $7 Billion Loan Program
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In a significant development for Pakistan’s struggling economy, the government has reached a staff-level agreement with the International Monetary Fund (IMF) for a new $7 billion Extended Fund Facility (EFF). The agreement, announced today in Islamabad, includes:
Reforms in tax collection and energy pricing
Improved governance and transparency
A commitment to controlling inflation and exchange rate stability
The new deal will be subject to IMF board approval in June, but officials are optimistic.
Why It’s Trending: The agreement could help stabilize Pakistan’s economy and avoid default, a key concern among investors and citizens alike.
Reforms in tax collection and energy pricing
Improved governance and transparency
A commitment to controlling inflation and exchange rate stability
The new deal will be subject to IMF board approval in June, but officials are optimistic.
Why It’s Trending: The agreement could help stabilize Pakistan’s economy and avoid default, a key concern among investors and citizens alike.
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