You are here: Home » International » News » Economy
Business Standard

Path of thorns: An IMF bailout set to impede Pakistan PM's populist agenda

Creating 10 million jobs would require the economy to grow at 8%

Reuters  |  Islamabadd 

From cutting power subsidies to forcing currency devaluations that stoke inflation, the hard choices facing Pakistan as it seeks a bailout from the International Monetary Fund (IMF) pose a major headache for populist new Prime Minister Imran Khan. Pakistani officials met IMF representatives this week in Bali and formally requested Islamabad's 13th bailout since the late 1980s to give the economy breathing room, while they implement reforms aiming to end decades of boom and bust cycles. On top of lending the nuclear-armed state billions of dollars to avert another balance of ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, October 12 2018. 11:49 IST