They will discuss reviving a desperately needed bailout programme. Read more at straitstimes.com.
KARACHI - The International Monetary Fund will send a team to Pakistan next week to discuss reviving a desperately needed bailout programme, with a foreign exchange crisis bringing imports almost to a standstill.
The IMF said in a statement late Thursday that a review team will arrive in the capital Islamabad next Tuesday in a bid to break the deadlock over releasing more financial aid. Mohammad Sohail, financial analyst and CEO of Topline Securities, said the government had cleared a big hurdle in securing the next IMF instalment.
But Mr Khan reneged on his promise to cut subsidies and market interventions that had cushioned the cost-of-living crisis, causing the programme to stall.
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