Pakistan Reaches $7 Billion Aid Deal with IMF to Bolster Faltering Economy
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#565bcf8f ver:0.11

Pakistan secures $7 billion IMF loan to boost faltering economy, requiring unpopular reforms including widening tax base. Government aims to raise tax revenues by 1.5% of GDP this year and reduce fiscal deficit by 1.5%. Seeking funds from Gulf states and launching China's economic corridor. Loan agreement pending approval. Critics say reforms are surface-level, protests expected. IMF predicts 2% growth and 25% inflation. #Pakistan #IMF #economy...

#newstr #Pakistan #Imf #Economy #Loan #TaxReforms #PoliticalChaos #MonsoonFloods #Mismanagement #GlobalEconomicDownturn #Protests #Inflation 

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