⬆️ #Pakistan presents a budget as it seeks a new long-term #IMF #bailout.
It’s looking for a long-term loan of $6B–$8B from IMF to help stabilize the economy, which in 2023 nearly defaulted on foreign debts.
Re IMF, Pakistan will privatize its national carrier, #PakistanInternationalAirlines, which #China will swoop in on when Pakistan defaults on China loans under #BeltAndRoadInitiative #BRI #debtDiplomacy, but its real prize is Pakistan’s #GwadarPort on #ArabianSea 👀
https://apnews.com/article/pakistan-budget-parliament-imf-7752e501660024e269ce99a423f5a4f4