Pakistan begins talks with IMF amid economic meltdown.

Written by on May 18, 2022

Pakistan on Wednesday said that it has began talks with the International Monetary Fund (IMF) for the revival of the stalled bailout package as the new government seeks to stabilise a crumbling economy.

The talks are being held in the Qatari capital of Doha for the revival of a 6-billion dollars loan package the country secured in 2019.

The programme was suspended three times, with $3 billion released so far.

A Finance Ministry official said Pakistan will not only seek revival but extension of the bailout package.

The government of Prime Minister Shehbaz Sharif wants the programme ending in September to be extended to 8 billion dollars until June 2023.

Seun Fakorede

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