Under crisis, Pakistan has received USD 700 million from the International Monetary Fund (IMF) as part of its ballout programme, Geo News reported quoting State Bank of Pakistan (SBP) governor Jameel Ahmed on Wednesday.
This was in addition to over $5 billion in loans that longtime ally China has rolled over for Pakistan in the last three months, Sharif said last week, helping Pakistan avert a default as negotiations to secure the IMF bailout dragged on.
Pakistan s finance minister, Ishaq Dar, has said the country will raise ₹215bn through taxes in an effort to meet the conditions of a $6bn loan offered by the International Monetary Fund
Pakistan's economic growth is predicted to drop sharply in FY2023. Country’s gross domestic product (GDP) growth is projected to slow to 0.6% in FY2023.