Pakistan secures $1 billion loan to support key sectors and stabilize economy post-IMF bailout.

Pakistan's Finance Minister Muhammad Aurangzeb announced a $1 billion loan from two Middle Eastern banks at 6%-7% interest, helping bolster Pakistan's finances after a $7 billion IMF bailout in September 2024. The loan will support key sectors including agriculture, IT, renewable energy, and pharmaceuticals. Pakistan aims to address economic inefficiencies to reduce reliance on international funding. The first review of the IMF bailout is scheduled for late February.

2 months ago
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