Pakistan IMF deal: Rupee to be devalued against dollar
After months of negotiations with the International Monetary Fund, Pakistan reaches agreement on a $6bn loan package.
Pakistan has agreed on a deal with the International Monetary Fund to receive a $6 billion loan.
But under its terms, its currency will have to be devalued against the dollar, and electricity and gas prices will increase.
That is likely to prove unpopular.
Al Jazeera’s Kamal Hyder reports from Islamabad.
Published On 21 May 2019