Government Considers Raising Retirement Age for IMF Bailout

The federal government is contemplating increasing the upper age limit for retirement in a bid to bolster its chances of securing a new IMF bailout package. This proposed measure is aimed at curbing pension payouts in anticipation of the upcoming visit by an IMF mission to the country. The move underscores the government's commitment to implementing fiscal reforms to address economic challenges and meet the conditions set by the IMF.

As Pakistan strives to enhance its economic stability and attract foreign investments, the potential adjustment in the retirement age limit signals a proactive approach to managing public finances. By aligning with the IMF's recommendations, the government seeks to strengthen its financial position and restore investor confidence in the country's economic prospects.