This is the 24th time Pakistan has turned to the International Monetary Fund (IMF) for a bailout — the most for any country

Pakistan has announced plans to cut government spending by eliminating 150,000 positions, closing six ministries, and merging two others.

Pakistan plans to cut 150,000 government jobs, close six ministries, and merge two others as part of IMF reforms linked to a USD 7 billion loan.

In a bid to stabilise its economy, Pakistan has announced the elimination of 150,000 jobs and the dissolution of six ministries as part of a deal with the IMF.

Aurangzeb also said that the non-filers category will be abolished and those not paying taxes will no longer be able to purchase property or vehicles.

Pakistan is set to reduce administrative expenditures by cutting 150,000 government jobs and closing six ministries as part of an IMF-backed $7 billion loan deal. Finance Minister Muhammad Aurangzeb stressed the importance of implementing policies to formalize the economy and increase tax revenues,

Cash-strapped Pakistan announced that in efforts to reduce administrative expenditures, the country has cut nearly 1.5 lakh government jobs, closed six ministries, and merged two others to secure a $7 billion loan deal from the International Monetary Fund (IMF),

Pakistan cuts government spending, closes ministries, and merges others as part of IMF reforms, aiming to achieve fiscal stability and avoid future loans.