Pak may seek more IMF loans to help fragile economy

Pakistan’s interim Finance Minister, Shamshad Akhtar, has stated that the nation may seek another loan from the International Monetary Fund (IMF) as its economy remains fragile. This comes after Pakistan won approval for a $700 million payout under an existing $3 billion program. The country has about $1 billion in dollar-denominated debt due next year. The IMF agreement also supports Pakistan’s caretaker government in its efforts to secure loans from other international lenders.