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Significance
Its many targets include raising GDP growth to 6%. The five-year plan will run alongside the 37-month, roughly USD7bn Extended Fund Facility programme with the IMF, which began in September. Over the past few years, financing from the IMF and friendly countries has helped the country avoid a sovereign debt default.
Impacts
Islamabad will continue professing its determination to pursue economic reforms that satisfy IMF conditions.
Reducing regional disparities in economic development will remain a tough challenge.
Tension between the authorities and supporters of jailed former premier Imran Khan will distract from myriad governance challenges.
Keywords:
Pakistan,
AP,
IMF-World Bank,
economy,
international relations,
politics,
agriculture,
climate,
debt,
digital,
employment,
energy,
environment,
finance,
foreign trade,
growth,
infrastructure,
internet,
investment,
monetary,
policy,
prices,
reform,
renewable energy,
services,
technology,
airlines,
banking,
party,
privatisation,
regional
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2025
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