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Pakistan Anticipates New IMF Loan By Early July

People walk past a campaign banner of political party, ahead of the general elections, at the market of Walled City in Lahore

Pakistan's finance minister has announced that the country is aiming to secure a new loan from the International Monetary Fund (IMF) by early July. This development comes as Pakistan continues to navigate economic challenges exacerbated by the global COVID-19 pandemic.

The IMF loan is expected to provide much-needed financial support to Pakistan as it grapples with a widening fiscal deficit and mounting debt obligations. The country's finance minister expressed optimism about the loan approval process, highlighting the government's commitment to implementing structural reforms to stabilize the economy.

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