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Pakistan finance minister confident about new IMF programme

by NEWSROOM


ISLAMABAD : Pakistan’s finance minister said on Sunday he was “very confident” his country would secure a new funding programme from the International Monetary Fund after the cash-strapped country’s annual fiscal budget passed into law.

The budget comes ahead of more talks with the IMF for a loan of between $6 billion and $8 billion to avert a debt default by Pakistan, the slowest-growing economy in South Asia.

Finance Minister Muhammad Aurangzeb said at a press conference that his government would work on securing its next IMF…



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