Pakistan seeks boost to size, duration of current $6b IMF programme

Pakistan's request comes after talks with the IMF in Washington that follow the fund saying Pakistan has agreed to roll back oil and power sector subsidies.

Economy

1 min read

The New Arab Staff & Agencies

25 April, 2022

Pakistan's Finance Minister Miftah Ismail made the comment in a Monday video statement [AAMIR QURESHI/AFP via Getty Images-file photo]

Pakistan has sought an increase in the size and duration of its $6 billion International Monetary Fund (IMF) programme, Islamabad's Finance Minister Miftah Ismail said on Monday.

Ismail made the comment in a video statement issued by his ministry following talks with the IMF in Washington that came after the fund said Pakistan has agreed to roll back subsidies in the oil and power sectors.

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Perspectives

Ifra Javed

(Reuters)