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Pakistan may go to IMF but will seek other options first

Staff Writer | October 8, 2018
Prime Minister Imran Khan said on Sunday that Pakistan might need to return to the International Monetary Fund to address its mounting balance of payments crisis but would seek funding from friendly countries first.
Imran Khan
Asia   Prime Minister Imran Khan
Khan, who took office in August, blamed Pakistan’s economic woes on the previous government and repeated a promise to recover billions of dollars he says corrupt officials have stashed abroad.

He has been reluctant to ask the IMF for emergency loans that would be the country’s second bailout in five years.

“We may go to IMF for loan to handle the country’s financial issues,” Khan told reporters. “But, first we will try to get assistance from other countries as we have requested three countries to deposit money in Pakistan’s State Bank that would help boost national reserves.”