PM stresses need to ‘effectively’ defend decision on IMF bailout in media
“I’m assuming that there might be a programme request on their part, but that has not been discussed and we will explore that this afternoon,” she told a press briefing earlier today.Prime Minister Imran Khan on Wednesday vowed to steer the country out of a looming balance-of-payments crisis, saying it needs $10-12 billion.
“We will get out of this. I will take (the country) out of this,” he said.
PM Imran took office in August vowing to weigh up whether to seek an IMF bailout as it sought other avenues of financing.
PM vows to correct economy in six months
The government has sought loans from friendly countries, promised to recover funds stolen by corrupt officials, and embarked on a series of populist austerity measures.But help has been in short supply and economists’ warnings have grown increasingly urgent.Pakistan has gone to the IMF several times since the late 1980s. The most recent was in 2013 when Islamabad got a $6.6 billion loan to tackle a similar crisis.