
The International Monetary Fund (IMF) has conditionally agreed to provide a $3 billion bailout package to Pakistan, demanding the imposition of capital gains tax on cryptocurrency investments and an increase in tax measures on crypto profits as prerequisites. This move aims to secure financial stability for Pakistan's faltering economy. A staff level agreement has been reached, which, upon approval by the IMF's board, will lead to the disbursement of $1.1 billion to assist the South Asian nation. In response to the financial assistance, Pakistan plans to increase gas and electricity prices to manage its circular debt. The country faces the challenge of repaying about $7 billion to the IMF over the next five years while its foreign reserves stand at $8 billion.
What reforms does Pakistan need to undertake for a new medium-term IMF program? https://t.co/SwB8DRk6Dn https://t.co/uiaODudPMY
NEW: Pakistan gets draft approval for $1.1 bn IMF payout https://t.co/oTRUuNC2U9
Pakistan and the International Monetary Fund reached a staff level agreement which, if approved by its board, will disburse $1.1 billion for the debt-ridden South Asian economy https://t.co/lP5Wn1jRKI








