pakistan
Major Headway in Virtual Talks as IMF Agrees to Rs 200 Billion Increase in Pakistan’s PSDP
Key takeaways
- Add ARY News on Google AAResize ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have made significant headway during virtual negotiations, ARY News reported, citing reliable sources.
- According to sources, the IMF has agreed to a proposal to increase the federal government’s development budget from Rs 1,126 billion to Rs 1,326 billion.
- Consequently, the government has decided to expand the overall volume of the Public Sector Development Programme (PSDP) for the upcoming fiscal year by adding Rs 200 billion in development funding.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have made significant headway during virtual negotiations, ARY News reported, citing reliable sources.
According to sources, the IMF has agreed to a proposal to increase the federal government’s development budget from Rs 1,126 billion to Rs 1,326 billion.
Consequently, the government has decided to expand the overall volume of the Public Sector Development Programme (PSDP) for the upcoming fiscal year by adding Rs 200 billion in development funding.
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