Pakistan has secured preliminary terms for a $6 billion bailout from the IMF for its struggling economy
Conditions imposed under a $6 billion bailout from the International Monetary Fund for Pakistan will upend the government’s promises to improve education, health care and create a welfare state as it instead raises new taxes and cuts spending, experts said.
The deal, details of which were released Monday, is a setback for the political agenda of Prime Minister Imran Khan, who came into office in August promising to create millions of jobs, build millions of low-cost homes, and revamp health and education services.
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