Mar 11, 2024 ── In a significant development, Minister for Planning, Development, and Special Initiatives Ahsan Iqbal revealed that Pakistan faces the daunting task of repaying its loans. The country urgently requires Rs.7,300 billion to meet its financial obligations. This revelation comes amidst economic challenges and the need for strategic planning.

The government has been grappling with mounting debt, and Ahsan Iqbal emphasized the critical importance of addressing this issue promptly. He stated, “We must take decisive steps to manage our financial liabilities and ensure economic stability.

The proposed measures include a comprehensive approach to debt management, exploring avenues for revenue generation, and optimizing public-private partnerships. Ahsan Iqbal stressed the need for fiscal discipline and efficient utilization of resources.

As Pakistan navigates these financial waters, experts are closely monitoring the situation. The International Monetary Fund (IMF) recently approved a $3 billion loan for Pakistan, signaling international support for the country’s economic recovery. However, the challenge remains significant, and concerted efforts are required to stabilize the economy.

Stay tuned with Pakistan Time for further updates as Pakistan grapples with its loan repayment obligations and seeks sustainable solutions to secure its financial future.

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