Prime Minister Imran Khan on Monday summoned a high-level meeting to discuss the country’s $6 billion loan agreement with the International Monetary Fund, which was finalised last night following months of negotiations between the two sides.
The government’s deal with the IMF drew heavy criticism from the opposition, as political opponents voiced concerns over an almost certain possibility of higher inflation and slowed economic growth in the coming months as the country implements the loan conditions imposed by the global lender.
A session of the National Assembly is also set to convene later today, where the opposition parties are expected to slam the bailout agreement and voice their concern over rising inflation and slowing growth.
The latest agreement marks Pakistan’s 22nd bailout with the IMF, as the country struggles to stave off a looming balance-of-payments crisis while its economy teeters due to low growth, soaring inflation, and mounting debt.
