A protest against inflation in Karachi, Pakistan, earlier this month. Photo: AFP
A protest against inflation in Karachi, Pakistan, earlier this month. Photo: AFP

Cash-strapped Pakistan scores IMF financial aid win – but millions of people may face ruin, analysts say

  • International Monetary Fund and Pakistan have agreed to resume support package, frozen in March when previous government refused to cut fuel subsidies
  • But analysts say energy price hikes now will push more people into poverty and wreak havoc among 5.2 million small and medium-sized businesses

A protest against inflation in Karachi, Pakistan, earlier this month. Photo: AFP
A protest against inflation in Karachi, Pakistan, earlier this month. Photo: AFP
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