The International Monetary Fund (IMF) has approved an immediate disbursement of USD1 billion to Pakistan under the Extended Fund Facility (EFF) and around USD 200 million under the Resilience and Sustainability Facility (RSF), bringing total disbursements to nearly USD 1.2 billion.
Titled 'Circular Debt Reduction Is Possible In a Single Click to Save Pakistan from Financial Catastrophe and Destabilisation,' the report highlights the deliberate non-use or under-utilisation of efficient power plants, alongside continued payments to highly inefficient and outdated ones, a