Pakistan and IMF aim to reach a staff-level agreement for a larger, longer loan by June-end or early July.
Pakistan and the International Monetary Fund (IMF) aim to reach a staff-level agreement for a larger and longer loan by June-end or early July, following initial talks on budget proposals for an upcoming budget. Key objectives in negotiations for the IMF involve broadening the tax base, improving debt sustainability, restoring viability to the energy sector, and enhancing state-owned companies. Pakistan needs the IMF support to bolster foreign reserves and boost its sluggish economy amid record inflation.
May 22, 2024
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