Pakistan knocks at IMF door to avoid default - News Summed Up

Pakistan knocks at IMF door to avoid default


Adviser to the Prime Minister on Commerce Razak Dawood, who accompanied the prime minister, had described his Saudi Arabia visit as “it was awful to beg from Saudi Arabia”. Govt hints at resorting to IMF bailout dealThe government took the decision after the prime minister on Monday won endorsements of leading economists for negotiating an IMF bailout package. The finance minister put a formal question before the economists: should Pakistan go to the IMF or not? Their support would help neutralise any opposition during the IMF programme. His suggestion was that if it was necessary to go to the IMF, Pakistan should negotiate one-year Stand-by Arrangement, they added.


Source: The Express Tribune October 08, 2018 16:50 UTC



Loading...

Loading...