'Pak economic situation worse than anticipated, no fiscal space for subsidies' August 30, 2023 at 06:33AM

Pakistan's interim finance minister Shamsad Akhtar has stated that the country's economic situation is worse than expected, with no fiscal space for subsidies due to commitments with the IMF. Protests against surging electricity bills have been ongoing across Pakistan. The minister emphasized the need for privatization and warned that failure to implement the IMF agreement would worsen the economic situation.