{"id":99547,"date":"2024-09-27T11:59:16","date_gmt":"2024-09-27T06:59:16","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=99547"},"modified":"2024-09-27T11:59:18","modified_gmt":"2024-09-27T06:59:18","slug":"imf-aids-pak-economic-recovery","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/imf-aids-pak-economic-recovery.html","title":{"rendered":"IMF approves USD 7 Bn loan for Pak\u2019s 24<sup>th<\/sup> Economic Program"},"content":{"rendered":"\n<p>Islamabad: The International Monetary Fund (IMF) has approved a USD 7 billion loan for Pakistan to support its struggling economy, according to a news source on September 26.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/imf-discussion-reach-their-results.html\" target=\"_blank\" rel=\"noreferrer noopener\">UBG advocates for business relief, lower interest rates following IMF deal<\/a><\/p>\n\n\n\n<p>As per the reports, the three-year program will focus on expanding the tax base, increasing utility rates, and implementing structural reforms to boost economic growth and resilience.<\/p>\n\n\n\n<p>This marks Pakistan&#8217;s 24th IMF program since 1958, following a period of severe economic crisis exacerbated by political instability, floods, and high inflation.<\/p>\n\n\n\n<p>Prime Minister Shahbaz Sharif emphasised that this should be Pakistan\u2019s final IMF program, citing efforts to attract investments and support from Saudi Arabia, China, and the UAE. IMF Managing Director Kristalina Georgieva praised Pakistan\u2019s economic reforms, noting improvements in growth and inflation while stressing the need for continued focus on long-term stability. <\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/pakistans-usd-7bn-imf-deal.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan\u2019s USD 7bn IMF deal up for review on Sep 25<\/a><\/p>\n\n\n\n<p>Finance Minister Muhammad Aurangzeb acknowledged the transitional difficulties of implementing reforms but underscored their necessity for financial recovery.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The International Monetary Fund (IMF) has approved a USD 7 billion loan for Pakistan to support its struggling economy, according to a news source on September 26. Read: UBG advocates for business relief, lower interest rates following IMF deal As per the reports, the three-year program will focus on expanding the tax base, increasing utility rates, and implementing structural reforms to boost economic growth and resilience. This marks Pakistan&#8217;s 24th IMF program since 1958, following a period of severe economic crisis exacerbated by political instability, floods, and high inflation. Prime Minister Shahbaz Sharif emphasised that this should be Pakistan\u2019s final IMF program, citing efforts to attract investments and support from Saudi Arabia, China, and the UAE. IMF Managing Director Kristalina Georgieva praised Pakistan\u2019s economic reforms, noting improvements in growth and inflation while stressing the need for continued focus on long-term stability. Read: Pakistan\u2019s USD 7bn IMF deal up for review on Sep 25 Finance Minister Muhammad Aurangzeb acknowledged the transitional difficulties of implementing reforms but underscored their necessity for financial recovery.<\/p>\n","protected":false},"author":88,"featured_media":87304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[58007,21797,59521],"persona":[],"class_list":{"0":"post-99547","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-imf-news-and-updates","9":"tag-international-monetary-fund-imf","10":"tag-pakistans-24th-economic-program","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IMF Aids Pak for Economic Recovery - Zameen News<\/title>\n<meta name=\"description\" content=\"IMF has sanctioned a USD 7 billion loan to help stabilise Pakistan&#039;s faltering economy, according to a September 26 report.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/imf-aids-pak-economic-recovery.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF Aids Pak for Economic Recovery - Zameen News\" \/>\n<meta property=\"og:description\" content=\"IMF has sanctioned a USD 7 billion loan to help stabilise Pakistan&#039;s faltering economy, according to a September 26 report.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/imf-aids-pak-economic-recovery.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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