PM seeks economic revival plan.


Amid a sharp economic slowdown, Prime Minister Imran Khan has given directives for drawing up a new economic revival plan - giving an uphill task to his team to find avenues for growth and job creation in the midst of an unprecedentedly harsh International Monetary Fund (IMF) loan programme.

PM Imran has asked economic managers to rewrite the recently approved macroeconomic framework, which has been stamped by the IMF Executive Board hardly two months ago, sources told.

However, the economic managers have very little room left to tinker with the design of the $6-billion IMF programme due to stringent conditions such as the limit on spending, increase in taxes, ban on printing currency notes and restrictions on issuing new sovereign...

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