Pakistan Seeks More IMF Loans as Economy Remains Fragile Despite Recent $700M Payout
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Pakistan may seek additional IMF loans as its economy remains fragile, according to interim Finance Minister Shamshad Akhtar.
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Pakistan recently secured a $700 million payout from the IMF under an existing $3 billion program.
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Pakistan has $1 billion in debt due next year and its foreign reserves remain low.
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The IMF agreement boosts Pakistan's caretaker government as it tries to secure billions in loans from other lenders.
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Pakistan postponed a global bond issuance but investors are optimistic about its fiscal recovery due to the IMF deal.