WebApr 10, 2024 · Pakistan is grappling with one of its worst economic crises, exacerbated by last summer’s devastating floods that killed 1,739 people, destroyed 2 million homes and caused $30 billion in damages. Pakistan is in the final phase of talks with the International Monetary Fund to secure a crucial instalment of $1.1 billion loan from a $6 billion bailout … Web2 days ago · The IMF has lowered its forecast for Pakistan's economic growth rate from 2 per cent to just 0.5 per cent for the current fiscal year, amid high inflation and a growing unemployment rate in the cash-strapped country. This showed an unambiguous deterioration of economic fundamentals over the last six months since October when the …
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