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Reading: fresh IMF deal for new loan program has been declared indispensable
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Baner Club > Blog > Economics > fresh IMF deal for new loan program has been declared indispensable
EconomicsPolitics

fresh IMF deal for new loan program has been declared indispensable

Report projects inflation to remain high up to 25.5% this month, 24.5% the following month

Last updated: 2024/02/29 at 2:38 PM
Published February 29, 2024
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The Ministry of Finance has issued its monthly Economic Update Outlook Report, which highlights major priorities and challenges for the country’s financial future.

One of the report’s main cornerstones is the caretaker government’s proactive approach to developing a thorough plan for the new administration. With the country preparing for elections, this blueprint intends to help the newly elected administration navigate economic challenges and encourage sustainable growth.

The study emphasizes the importance of completing the final economic review with the International Monetary Fund (IMF). The caretaker administration emphasizes the importance of obtaining an agreement with the IMF for a new loan program, which it considers essential for stabilizing Pakistan’s economic trajectory.

The paper emphasizes the deployment of strict and potentially unpopular decisions as instrumental in steering the economy towards recovery. These decisions are deemed crucial for addressing structural issues and laying a solid foundation for sustainable growth.

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February 29, 2024 February 29, 2024
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