Pakistan Economic Crisis: IMF Places New Bailout Conditions
Pakistani Prime Minister Shehbaz Sharif described the terms of the International Monetary Fund bailout
after the first round of technical talks between the IMF and cash-strapped Pakistan concluded on Friday.
After claiming that Finance Minister Ishaq Dar and his team are having a "tough time" with the IMF
Pakistan's prime minister on Friday h
inted that drastic action would be required to revive the country's stalled loan programme.
Finance Minister briefed IMF Pakistan Mission Chief Nathan Porter on "fiscal and economic reforms and measures being taken by the government in different sectors"
Dawn reports that the lender has demanded an increase in power tariff, the return of unrestricted imports
The IMF is concerned about the power sector's poor performance, which has led to circular debt of Rs 2.9 trillion.