Cash-strapped Pakistan is actively seeking approximately USD 11 billion in financial aid from China and Saudi Arabia to bridge both external and domestic resource gaps. This initiative aims to ensure the smooth progression of the IMF bailout program, sustaining economic stability until a democratically elected government assumes power. The move aligns with the caretaker government’s efforts to enhance tax collection, specifically targeting retail, agricultural, and real estate sectors, while concurrently cracking down on illicit currency transactions. The Dawn newspaper revealed these developments, citing a detailed policy statement presented by caretaker Finance Minister Shamshad Akhtar before the Senate Standing Committee on Finance and Revenue. The committee, chaired by Senator Saleem Mandviwalla, convened in Islamabad on Thursday.
