Pakistan Economic Crisis: IMF Places New Bailout Conditions

Pakistani Prime Minister Shehbaz Sharif described the terms of the International Monetary Fund bailout

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after the first round of technical talks between the IMF and cash-strapped Pakistan concluded on Friday.

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After claiming that Finance Minister Ishaq Dar and his team are having a "tough time" with the IMF

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Pakistan's prime minister on Friday hinted that drastic action would be required to revive the country's stalled loan programme.

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Finance Minister briefed IMF Pakistan Mission Chief Nathan Porter on "fiscal and economic reforms and measures being taken by the government in different sectors"

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Dawn reports that the lender has demanded an increase in power tariff, the return of unrestricted imports

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The IMF is concerned about the power sector's poor performance, which has led to circular debt of Rs 2.9 trillion.

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