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Pakistan Faces "Transitional Pain" as IMF Approves $7 Billion Relief Package

On Thursday, Pakistan's government announced that it would need to endure "transitional pain" following the International Monetary Fund's (IMF) approval of a new $7 billion relief package aimed at stabilizing its faltering economy. While the nation's economy has shown signs of stabilization since narrowly avoiding default last summer, it remains heavily reliant on IMF bailouts and support from friendly countries to manage its substantial debt, which consumes nearly half

Global News

26 Sep 2024 08:18 AM 1.23k views

Pakistan Faces "Transitional Pain" as IMF Approves $7 Billion Relief Package

On Thursday, Pakistan's government announced that it would need to endure "transitional pain" following the International Monetary Fund's (IMF) approval of a new $7 billion relief package aimed at stabilizing its faltering economy. While the nation's economy has shown signs of stabilization since narrowly avoiding default last summer, it remains heavily reliant on IMF bailouts and support from friendly countries to manage its substantial debt, which consumes nearly half

Global News

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Pakistan Faces "Transitional Pain" as IMF Approves $7 Billion Relief Package

Pakistan Faces "Transitional Pain" as IMF Approves $7 Billion Relief Package

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National Guard soldiers critically injured in shooting near the White House

PM Modi Leads CCS Meeting to Assess Economic and Energy Impact of West Asia War

US tariff hike leaves thousands of Gujarat diamond workers unemployed

10-Year U.S. Visa: The Best Travel Hack for Indian Passport Holders

Why Owning an EV Feels Like Living in the Future: Benefits, Technology, and Sustainability

India Invites Neighbors to Seminar for IMD’s 150th Anniversary

Top Visa Alternatives After H-1B Lottery Rejection: HR Strategies for Retaining International Talent

China Builds New Air-Defence Site Near India Border With Hidden Missile Launchers

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#ap-economy

Pakistan Faces "Transitional Pain" as IMF Approves $7 Billion Relief Package

Pakistan Faces "Transitional Pain" as IMF Approves $7 Billion Relief Package

National Guard soldiers critically injured in shooting near the White House

PM Modi Leads CCS Meeting to Assess Economic and Energy Impact of West Asia War

US tariff hike leaves thousands of Gujarat diamond workers unemployed

10-Year U.S. Visa: The Best Travel Hack for Indian Passport Holders

Why Owning an EV Feels Like Living in the Future: Benefits, Technology, and Sustainability

India Invites Neighbors to Seminar for IMD’s 150th Anniversary

Top Visa Alternatives After H-1B Lottery Rejection: HR Strategies for Retaining International Talent

China Builds New Air-Defence Site Near India Border With Hidden Missile Launchers

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