The International Monetary Fund has approved the disbursement of a $1 billion loan to Pakistan under its Extended Fund Facility (EFF), despite serious objections raised by India. This latest tranche brings Pakistan’s total disbursement under the program to $2 billion. Additionally, Pakistan

In a bid to meet the stringent conditions set by the International Monetary Fund (IMF) for a $7 billion loan package, Pakistan has announced drastic measures, including cutting 1.5 lakh government jobs, shutting down six ministries, and merging two others. The decision, aimed at reducing administrative expenditures, was reported by PTI on Sunday, September 29. […]