Economic Stability | MCQs

Explanation

In June 2023, the IMF approved a $3 billion loan to Pakistan under a 9-month Stand-By Arrangement (SBA).

This loan aimed to stabilize Pakistan's economy, support its financial reforms, and help manage external debt obligations.

Explanation

The government contracted $15.32 billion worth of new foreign loans from multilateral institutions and commercial banks during the previous fiscal year (2020-21). As per, Annual Report on Foreign Economic Assistance 2020-21.

Explanation

Fiscal policy addresses taxation and government spending, and it is generally determined by government legislation

Explanation

Explanation

FY 2022-23, the country received $27.03bn in workers' remittances, down 13.6pc from a year ago.