Pakistan’s $6 bn IMF loan request to help incoming government repay billions in debt | Oneindia News
Video Credit: Oneindia - Duration: 02:03s - Published
Pakistan’s $6 bn IMF loan request to help incoming government repay billions in debt | Oneindia News
In a bid to address its mounting debt obligations, Pakistan is set to seek a new loan of at least $6 billion from the International Monetary Fund (IMF), according to a report by Bloomberg News.
The announcement comes as the country grapples with the repayment of billions in debt scheduled for this year.
After more than five decades, Pakistan’s military is rekindling ties with Bangladesh. General Sahir Shamshad Mirza's proposed visit to Dhaka and the plans for joint naval exercises signal a major shift in Bangladesh’s foreign policy. With the return of Pakistan’s influence in Bangladesh, experts warn of growing challenges for India. What does this new alignment mean for the region’s power dynamics and India's security? Watch this video for an in-depth analysis of the evolving relationship between Pakistan and Bangladesh.
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Pakistan plans to seek a $6 billion IMF loan to repay looming debts. The federal budget allocates $2.5 billion from the IMF, as Pakistan faces a $22 billion debt burden with reserves covering just one..