Pakistan Formally Requests IMF For Bailout Package

NUSA DUA, INDONESIA: Pakistan has formally requested for the financial assistance from the International Monetary Fund to help address country’s economic challenges, Christine Lagarde, Managing Director IMF said in a statement Thursday.

“Today, I met with Pakistan’s Minister of Finance, Revenue and Economic Affairs, Asad Umar, Governor of the State Bank of Pakistan Tariq Bajwa, and members of their economic team. During the meeting, they requested financial assistance from the IMF to help address Pakistan’s economic challenges.

“An IMF team will visit Islamabad in the coming weeks to initiate discussions for a possible IMF-supported economic program. We look forward to our continuing partnership.”