Pakistan hikes its defence budget by 20 percent after border clashes with India, economy remains reliant on IMF loans.

ISLAMABAD: The World Bank is likely to approve $20 billion for Pakistan ... This loan programme has been designed to ensure long-term stability, with specific goals set for the next 10 years ...

The move to a 10-year country partnership ... investment incentives and secure loan rollovers from major bilateral lenders, notably China and Gulf states. Pakistan suffered one of Asia’s worst ...

The money is part of a $7bn (£5.3bn) loan programme ... reserves rose to $10.3bn (£7.7bn) by the end of the month, up from $9.4bn (£7bn) in August 2024. “Pakistan has made important progress ...