Latest

Pakistan braces for 'transitional pain' as IMF approves $7 bn loan
Pakistan braces for 'transitional pain' as IMF approves $7 bn loan

Pakistan said Thursday it would have to go through "transitional pain" after the International Monetary Fund agreed to a new relief package of $7 billion to bolster its faltering economy. "There will be transitional pain, but if we are to make it the last programme, then we have to carry out structural reforms," Finance Minister Muhammad Aurangzeb told local broadcaster Geo News.