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IMF approves $6 billion loan for cash-strapped Pakistan

IMF approves $6 billion loan for cash-strapped Pakistan_50.1

The IMF has approved a USD 6 billion loan over a period of 3 years for cash strapped Pakistan. The USD 6 billion financial aid includes an immediate disbursement of USD 1 billion to help Pakistan address its balance of payment crisis.

The approved loan aims to support Pakistan’s economic plan, which aims to return sustainable growth to the country’s economy and improve the standards of living.

Static/Current Takeaways Important For RRB NTPC/IBPS RRB Mains:

  • Prime Minister of Pakistan: Imran Khan; Capital: Islamabad.

Source: The India Today

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