Pakistan’s Economic Survival Hinges on Another IMF Assistance, Asserts PM Shehbaz Sharif
By [Errraand News], March 22, 2024
In a recent announcement, Pakistan’s Prime Minister Shehbaz Sharif emphasized the indispensability of another assistance package from the International Monetary Fund (IMF) for the survival of the country’s economy. This statement comes as Pakistan grapples with ongoing economic challenges and seeks further financial support from international institutions.
According to reports from Reuters, Prime Minister Shehbaz Sharif stressed that Pakistan’s economic stability heavily relies on securing another tranche of financial aid from the IMF. He expressed hope in obtaining a $1.1 billion tranche from the IMF in the upcoming month, underscoring the necessity of implementing deep-rooted structural reforms as part of a two to three-year IMF program.