Pakistan Plans to Request $6 Billion in New IMF Loan Program: Report| Oneindia News

Video Credit: Oneindia
Published on February 23, 2024 - Duration: 02:06s

Pakistan Plans to Request $6 Billion in New IMF Loan Program: Report| Oneindia News

Pakistan plans to seek a $6 billion IMF loan to repay looming debts.

The federal budget allocates $2.5 billion from the IMF, as Pakistan faces a $22 billion debt burden with reserves covering just one month of imports.

Credit ratings have dropped, necessitating ongoing financial support efforts.

Pledges from Saudi Arabia, UAE, and China, along with commitments from international donors, remain vital for economic stability.

#Pakistan #IMF #PakistanIMF #IMFLoan #Pakistancrisis #Pakistaneconomiccrisis #UAE #China #Pakistanelections #Worldnews #Oneindia #Oneindia News ~PR.152~ED.194~GR.121~HT.96~


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