In rare move, Pakistan military agrees to budget cut amid economic woes, PM Imran Khan says
Updated : June 05, 2019 04:47 PM IST
Pakistan has struck an agreement in principle with the International Monetary Fund for a $6 billion loan but Islamabad is expected to put in place measures to rein in a ballooning fiscal and current account deficits to get access to the funds.
The IMF has said the primary budget deficit should be trimmed by the equivalent of $5 billion, but previous civilian rulers have rarely dared to trim defence spending for fear of stoking tension with the military.
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