Pakistan Requires $36 Billion In Foreign Loans To Keep Inflation Under Control

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Pakistan is anticipated to achieve an agreement with the International Monetary Fund (IMF) in June, according to Finance Minister Miftah Ismail, since the country is estimated to require $36-37 billion in foreign finance in the coming fiscal year. This recent Pakistan news has brought triumph in country’s economy.

He indicated that the government was not considering issuing new foreign debt to the global capital market or commercial banks at this time, after the country’s international bonds lost about a third of their value while yields increased dramatically.

He stated that the government’s prime aim was to manage inflation rather than economic growth.

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