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Pakistan opens talks with IMF seeking more cash to aid economy

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Al-Araby

Pakistan opened long-delayed talks with the International Monetary Fund (IMF) on Wednesday, seeking the release of more funds from a $6 billion rescue package agreed in 2019 to help shore up the South Asian nation’s battered economy. Pakistan has already asked the IMF to increase the size and duration of its $6 billion programme, with foreign reserves falling as low as $10.3 billion so that they cover less than two months of imports, a widening current account deficit, surging inflation and a plunging currency. It is the responsibility of Pakistan coalition govt to meet the grave economic chal…

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