This is the 24th time Pakistan has turned to the International Monetary Fund (IMF) for a bailout — the most for any country

Pakistan has announced plans to cut government spending by eliminating 150,000 positions, closing six ministries, and merging two others.

Cash-strapped Pakistan announced that in efforts to reduce administrative expenditures, the country has cut nearly 1.5 lakh government jobs, closed six ministries, and merged two others to secure a $7 billion loan deal from the International Monetary Fund (IMF),

Pakistan plans to cut 150,000 government jobs, close six ministries, and merge two others as part of IMF reforms linked to a USD 7 billion loan.

In a bid to stabilise its economy, Pakistan has announced the elimination of 150,000 jobs and the dissolution of six ministries as part of a deal with the IMF.

Pakistan is set to reduce administrative expenditures by cutting 150,000 government jobs and closing six ministries as part of an IMF-backed $7 billio

Aurangzeb also said that the non-filers category will be abolished and those not paying taxes will no longer be able to purchase property or vehicles.