Pakistan's government will hope to find a balance between reforms to satisfy the International Monetary Fund and measures to win over voters in an imminent election in its budget for the 2023-24 fiscal year to be announced on Friday, analysts said.
Pakistan's IMF programme runs out this month with about $2.5 billion in funds yet to be released as it struggles to strike an agreement with the lender, as it grapples with record inflation, fiscal imbalances and low reserves.
"Without the IMF, it would be very difficult for Pakistan to survive the next fiscal year, so I’m sure the government will come up with a budget that is more or less in line with IMF prescriptions," Ismail said. With the general election looming, some analysts believe the government will announce vote-winning measures on Friday, even if the promises have to be scaled back later.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘The Ones You Didn’t Burn:’ Occult Thriller Lands International Deals Following FrightFest DebutEXCLUSIVE: Occult Thriller The Ones You Didn’t Burn, which screened at the Chattanooga Film Festival, and FrightFest, has landed a series of international deals. Jinga Films has sold the pic …
Read more »
Summer travel demand at Tucson International AirportAfter a record breaking Memorial Day Weekend nationwide for TSA, Tucson International Airport gears up for summer travel
Read more »
SF International Arts Fest is celebrates return to full lineupPerformers represent dance, music stage and more from Africa, Asia, Latin America and the Bay Area.
Read more »
WATCH LIVE: SpaceX rocket docks at International Space Station | Fox Business VideoThe SpaceX CRS-28 mission docks at the ISS as NASA officials track its progress.
Read more »
Unauthorized drone grounds flights at Pittsburgh International AirportAn unauthorized drone spotted near Pittsburgh International Airport grounded flights for 80 minutes Monday.
Read more »
Tanzania’s researchers offered US$22,000 to publish in international journalsTanzania’s move is designed to encourage research and help boost institutions’ rankings. But some researchers say it will reward those already established in their careers.
Read more »