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Pakistan slashes development budget by 17% due to IMF pressure.
Pakistan’s development budget has been slashed by Rs173 billion, or 17%, to Rs837 billion due to IMF pressure and regional instability.
Cuts hit road, water, and provincial projects, though government and parliament schemes were largely spared.
This follows an earlier reduction and comes as Saudi Arabia pledged new aid and oil prices fluctuate amid Middle East tensions.
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Pakistán recorta el presupuesto de desarrollo en un 17% debido a la presión del FMI.