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Pakistan Seals $2 Billion Loan From China Amid IMF Delay

by Index Investing News
March 3, 2023
in Financial
Reading Time: 1 min read
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Authorities in Pakistan are relying on a bailout loan from the IMF to stave off a default, which has remained elusive so far. To win the lenders support, the South Asian nation has increased taxes, raised energy prices and allowed its currency to depreciate. It will raise electricity prices in the next 24 hours for next fiscal year, that is one of the two pending prior actions, Dar said without disclosing the second step. 





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