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. 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 […]

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In this handout photograph released by political party Pakistan Tehreek-e-Insaf (PTI) on July 26, 2018, Pakistan's cricketer-turned politician Imran Khan, and head of the Pakistan Tehreek-e-Insaf (Movement for Justice) party, addresses the nation at his residence in Islamabad a day after general election. Pakistan cricket hero turned politician Imran Khan claimed victory on July 26 in the country's tense general election marred by allegations of "blatant" rigging by rival parties. A visibly tired Khan cut a conciliatory tone in a wide-ranging address to the nation following a controversial contest hit by accusations from major political parties of poll rigging and long delays in still unreleased official results. / AFP PHOTO / PTI / HANDOUT / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / PAKISTAN TEHREEK-E-INSAF (PTI) " - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS

October 8, 2018

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.

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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