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Pakistan's government has raised taxes, cut energy subsidies, and raised interest rates to a 25-year high to tamp down prices to unlock the next tranche of IMF bailout program.
The economic challenges persist despite Pakistan tough measures to persuade the International Monetary Fund (IMF), reported Geo News on Thursday.
Get latest articles and stories on World at LatestLY. Inflation, external concerns, and supply disruption are anticipated to have a significant impact on the economy in the future amid heightened recessionary risks. World News | Is Pakistan About to See Its Worst Recession?.
Pakistan faces the renewed risk of recession amid a deepening political and economic crisis and a delay in the revival of the International Monetary Fund’s bailout programme.Bloomberg survey...
Despite Pakistan's tough measures to convince IMF, economic challenges remain the same