Pakistan’s Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, announced that the country is on the verge of securing its 24th IMF bailout, totalling $7 billion. The program is expected to be finalized at the upcoming IMF Board meeting on September 25, 2024. Aurangzeb expressed optimism that this could be the last IMF program for Pakistan if the country implements the agreed structural changes.
Pl, subscribe to the YouTube channel of republicpolicy.com
He emphasized the need for economic transformation, outlining key aspects of the latest IMF agreement, including tax reforms, restructuring of state-owned enterprises, and initiatives to attract foreign investment in export-driven projects. Additionally, he mentioned plans for further government restructuring, public-private partnerships, and focusing on the agriculture and IT sectors for economic growth.
