Pakistan Asks IMF to Pour in More Funds Amid Khan-Led Protests
- IMF ‘largely agreed’ to Pakistan’s request, says minister
- IMF mission will visit Pakistan to discuss new subsidies
Security personnel in front of Parliament House in Islamabad, Pakistan, on April 9.
Photographer: Asad Zaidi/BloombergThis article is for subscribers only.
Pakistan has asked the International Monetary Fund to extend its loan program for a year and boost the $6 billion funding to help ease difficulties in financing as a new government stepped in this month amid protests spearheaded by ousted premier Imran Khan.
Miftah Ismail, Pakistan’s finance minister, said the requests were made during “positive” talks with the fund for the resumption of loan program. The IMF has “largely agreed” to extend the current program for another year but details would be thrashed out during a mission visit to Pakistan next month, he said at a news conference in Washington.