Pakistan finance minister expects IMF to boost funding, bailout duration

Pakistan's finance minister expects the International Monetary Fund (IMF) to increase its funding amount and the duration of its bailout programme, he said on Wednesday.

Tuesday night's talks between the two sides had essentially locked budget and fiscal measures, the minister, Miftah Ismail, told Reuters, and he did not anticipate any hiccups moving forward.

"I am also expecting that the duration of the program will be extended by a year and the amount of loan will be augmented," he said, but added that the IMF had not yet committed to the changes.

(Reuters)