The IMF approves a $7 billion loan for Pakistan, which will get $1 billion immediately
- Posted on September 26, 2024
- By Business News Today
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The IMF approves a $7 billion loan for Pakistan, which will get $1 billion immediately
The International Monetary Fund has approved a $7 billion loan for Pakistan, to be disbursed over 37 months. The loan aims to boost Pakistan's economy, with an immediate disbursement of $1 billion. The IMF praised Pakistan's economic steps but highlighted ongoing challenges such as a narrow tax base and insufficient spending on health and education.