IMF arrives in Pakistan for bailout talks

Thursday, 8 November 2018 07:00

A delegation from the International Monetary Fund has arrived in Pakistan for possible bailout talks.

The arranged visit has still gone ahead despite claims the country had resolved its immediate balance of payments crisis.

Finance Minister Asad Umar said that assurances from China made during Prime Minister Imran Khan’s recent visit ─ combined with a pledge made by Saudi Arabia last month ─ meant that Pakistan's immediate fiscal woes were "over".

It is believed officials will seek broader IMF support for the government's long-term economic planning.

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