look news india
Pakistan, which is living in misery, has got a lifeline. This may improve the situation in Pakistan for a few days. The board of the International Monetary Fund (IMF) has approved a loan of US$1.1 billion as part of Pakistan's bailout package. This loan was announced at a time when Pakistan PM Shahbaz Sharif discussed the new loan with World Economic Forum President Kristalina Georgieva. Kristalina has shown the truth to Shahbaz. In the meeting, the IMF chief said that the people of Pakistan are in trouble. Now the loan has been approved again. Pakistan Finance Minister Mohammad Aurangzeb has also confirmed this. As far as the loan is concerned, no specific information has been given. He said that this will help in improving the economic situation.
IMF gave a big statement
IMF said that Pakistan needs to take big steps to bring its economy back on track. It is noteworthy that Pakistan PM Shahbaz Sharif had met IMF President Kristalina Georgieva regarding this. Shahbaz Sharif thanked the IMF for sanctioning the loan to bring the country's economy back on track against the economic crisis. Based on the report, SBA has taken a loan of up to 3 billion US dollars from Pakistan. IMF has said that to improve the situation in future, Pakistan will have to work hard and work on economic policies.
40 billion US dollars are needed
According to a report, Pakistan needs 40 billion US dollars to run the country in 2024. The truth is that Pakistan has to repay loan installments of $30 billion including interest this year. For this, Pakistan is continuously getting trapped in the debt trap.