Pakistan’s Economic Crisis Persists Despite New IMF Bailout

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Pakistan’s Economic Crisis Persists Despite New IMF Bailout

« on: July 31, 2024, 01:05:00 am »

Pakistan’s Economic Crisis Persists Despite New IMF Bailout

Despite securing a staff-level agreement with the International Monetary Fund (IMF) on July 12 for a record 24th time, Pakistan’s economic woes have persisted. The new bailout, amounting to USD 7 billion over 37 months, followed the approval of a heavily taxed budget for the 2024-25 fiscal year, aimed at increasing government revenue and reducing […]

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