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14:54

Pakistan Decides to Approach IMF for Bailout Package

From the Blog propakistani Terming it a difficult decision, the government has decided to approach the International Monetary Fund (IMF) for stabilization and an economic recovery program to deal with the prevalent financial crisis. Finance Minister Asad Umar said in a video that talks with IMF will start immediately as Prime Minister Imran Khan has given a go-ahead to approach the Fund. PM Khan had convened a meeting to consider economic strategy options on Monday. Sources said that after getting input from economic experts, Khan decided to approach IMF for a bailout package. The negotiations will be aimed at reaching a "stabilisation recovery programme" which can be used to tackle the economic crisis, the minister said. With the IMF programme, the government will aim to have a "minimum impact" on lopakistanblogs.blogspot.comRead Full PostComments

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