Pakistan's New Budget Targets Economic Recovery with IMF Support

The government aims for ambitious growth and fiscal reforms amid ongoing talks for a substantial IMF loan.

Pakistan's new government presents a $68 billion budget, aiming for a $6-$8 billion IMF bailout.
The budget includes a 25% salary increase for government employees and a 40% increase in tax collection targets.
Inflation has reduced from over 40% last year to around 12%, with hopes of further economic stabilization.
The government plans to privatize Pakistan International Airlines and boost local solar panel manufacturing.
Economists express cautious optimism but highlight ongoing challenges such as high energy prices and public debt.