Pakistan's IMF deal gives economy quick boost as next storm brews

Bailout agreement will push up tax and gas bills for citizens

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A stock broker monitors the Pakistani market in Karachi on July 3, when share prices surged in reaction to the country's agreement with the International Monetary Fund. © Reuters

ADNAN AAMIR, Contributing writer

ISLAMABAD -- Pakistan's last-gasp deal with the International Monetary Fund has put a jolt into the country's stock market, pushed up the rupee and provided some much-needed padding for foreign currency reserves. Experts, however, warn that structural weaknesses, political uncertainty and the terms of the IMF deal itself mean that more difficult days lie ahead.

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