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Politics

Pakistan to unveil budget in political tinderbox: 5 things to know

PM braces for anger as he aims to hike taxes, secure IMF cash, revive China projects

Supporters of ousted Pakistani Prime Minister Imran Khan protest fuel price hikes in Karachi on June 3. New leader Shehbaz Sharif is set to unveil a budget under volatile conditions.    © Reuters

ISLAMABAD -- Pakistan's government is poised to unveil its budget for fiscal 2022-23 on Friday as a political crisis swirls, power runs short and inflation skyrockets.

Prime Minister Shehbaz Sharif, who took office after Imran Khan was ousted in a no-confidence vote in April, is under intense pressure to stabilize the economy and reach a deal with the International Monetary Fund to ensure Pakistan can meet its foreign payment obligations.

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