Wednesday 14 November 2018
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business-standard - 6 days ago

2nd round of talks held between IMF, Pak

The technical team of the International Monetary Fund (IMF) and the Pakistan government held their second round of talks in Islamabad on Thursday.During the deliberations, the IMF delegation was briefed by the power division officials pertaining to the rise in electricity prices.The team, which arrived on November 7 in Islamabad, will hold talks with the Pakistan Tehreek-e-Insaf (PTI) government for a period of two weeks on a possible bailout package requested by the latter, in a bid to stem the country out from the economic and financial woes, Geo News reported.Information on different sectors of Pakistan s economy was also shared with the IMF delegation during the meeting, as per sources. Talks between the two sides are scheduled to resume on November 12.Despite securing a USD 6 billion bailout package from Saudi Arabia, the Imran Khan-led government had previously requested the IMF for an additional USD 6-7 billion to stave off the economic crisis in the country.Last month, IMF ...

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