Pakistan IMF deal: Rupee to be devalued against dollar

After months of negotiations with the International Monetary Fund, Pakistan reaches agreement on a $6bn loan package.

by

    Pakistan has agreed on a deal with the International Monetary Fund to receive a $6 billion loan.

    But under its terms, its currency will have to be devalued against the dollar, and electricity and gas prices will increase.

    That is likely to prove unpopular.

    Al Jazeera's Kamal Hyder reports from Islamabad.


    YOU MIGHT ALSO LIKE

    Cricket World Cup 2019 Quiz: How many runs can you score?

    Cricket World Cup 2019 Quiz: How many runs can you score?

    Pick your team and answer as many correct questions in three minutes.

    Visualising every Saudi coalition air raid on Yemen

    Visualising every Saudi coalition air raid on Yemen

    Since March 2015, Saudi Arabia and a coalition of Arab states have launched more than 19,278 air raids across Yemen.

    Remembering Chernobyl

    Remembering Chernobyl

    The fallout from the Chernobyl nuclear power plant explosion remains as politicised as ever, 28 years on.