World News | Pakistan Faces Challenge of Economic Reforms Amid Weak Coalition Government: Report | LatestLY

Islamabad [Pakistan], April 1 (ANI): Amid the staggering economic crisis, Pakistan’s biggest challenge now is fiscal consolidation and reforms amid a weak coalition government and political instability stemming from accusations of electoral fraud, the Washington-based Institute of International Finance (IIF) has said, Dawn reported on Monday. IIF is a global association of financial institutions comprising the world’s largest commercial and investment banks, insurance companies and investment management firms. Also Read | Eid 2024 Holidays in Saudi Arabia, UAE: Check Full List of Eid al-Fitr Holiday Dates for Private and Government Employees. “The biggest challenge will come from fiscal consolidation,” the IIF said, noting that this was an area of particular importance, as large fiscal deficits have led to public debt…

Source: LatestLY
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