The government has struck a deal with the International Monetary Fund (IMF) on a bailout package for about $6 billion over the next three years.
PM’s Adviser on Finance Dr Abdul Hafeez Shaikh said on Sunday the deal is to meet foreign debt obligations as foreign loan has exceeded $90 billion.
He said, Rs 25,000 billion loan was secured.
IMF team led by Washington-based mission chief Ernesto Rigo visited Islamabad from April 28 to May 11.
He said, the agreement is aimed to support Pakistan’s strategy for inclusive growth by reducing domestic and external imbalances.