IMF sets tough conditions for Pakistan to revive $6 billion loan facility: report - World News

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Friday, July 1, 2022

IMF sets tough conditions for Pakistan to revive $6 billion loan facility: report

The IMF has set tough preconditions like hiking electricity tariffs and imposing a levy on petroleum products to revive the stalled USD 6 billion bailout package to Pakistan, media reports said on Wednesday, days after the cash-strapped country struck a deal with the global lender on the much-needed loan facility.

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