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Politics

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.
In rare move, Pakistan military agrees to budget cut amid economic woes, PM Imran Khan says
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