Pakistan’ economic crisis, the IMF, and the neoliberal economic order
On 1st July 2024, Pakistan secured a new 37-month, $7 billion loan deal with the International Monetary Fund. This Pakistan’s 23rd bailout in 75 years. Pakistan ranks fifth in outstanding debt with the IMF, standing at $7.4 billion, following Argentina, Egypt, Ukraine, and Ecuador. Pakistan has been one of the nine prolonged users of the IMF resources.