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Economics

Pakistan may need to borrow from IMF, says PM

Prime Minister Imran Khan said that Pakistan might need to return to the International Monetary Fund (IMF) to address its mounting balance of payments crisis.


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Updated: October 8, 2018

Talking to media persons, after chairing a meeting of the provincial cabinet in Lahore, PM Khan reiterated Pakistan Tehreek-i-Insaf’s policy of zero-tolerance against corrupt practices and announced to introduce a whistleblower and witness protection act within a week.

“We may go to IMF for a loan to handle the country’s financial issues,” PM Khan said. “But, first we will try to get assistance from other countries as we have requested three countries to deposit money in Pakistan’s State Bank that would help boost national reserves.” He, however, did not name the countries or provide any details of the requests.

 



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Dawn
About the Author: Dawn is Pakistan's oldest and most widely read English-language newspaper.

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