IMF is Causing Unemployment in Pakistan
For context, the federal administration has kicked off abolishing up to 60 percent vacant positions throughout federal ministries and attached departments.
For context, the federal administration has kicked off abolishing up to 60 percent vacant positions throughout federal ministries and attached departments.
Article outline
- What happened
- The key numbers
- The details
- The bottom line
Key points
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- Prime Minister Shehbaz Sharif has directed his economic team to prepare an alternative plan for rising electricity rates.
- The move follows commitments created with the International Monetary Fund (IMF) to reduce public expenditure.
- During the upcoming IMF discussions, Pakistan is anticipated to present progress on agreed structural reforms and discuss circular debt targets for the electricity and gas sectors.
In practice, the move follows commitments created with the International Monetary Fund (IMF) to reduce public expenditure. IMF Mission to Visit Pakistan This Month for Biannual Review.
Meanwhile, the administration is additionally facing pressure over electricity sector circular debt ahead of the next review with the IMF in coming weeks.
If the review is completed successfully, Pakistan is projected to receive around $1 billion under the next installment of the loan program, along with an further $200 million for climate resilience. Stay Connected with ProPakistani.
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For now, IMF is Causing Unemployment in Pakistan remains the part of the story worth watching, and further updates are likely as more details are confirmed.
