Pakistan lays out budget but may not satisfy IMF

Pakistan lays out budget but may not satisfy IMF
he ‘plain-vanilla’ budget is unlikely to satisfy IMF, which could lead to the South Asian nation defaulting on debt.
Pakistan urgently needs the IMF funds to avoid defaulting on its mounting debt and come out of a months-long economic meltdown
Pakistan’s government will target a budget deficit of 6.54 percent of economic output in the fiscal year starting on July 1, the finance minister said on Friday, slightly below the current year’s revised estimate of 7 percent.
Finance Minister Ishaq Dar announced the target during his budget speech to the national legislature. Aljazeera