Pakistan's external financing requirements have not been changed in talks with the International Monetary Fund (IMF) over bailout funds, the IMF Resident Representative in Pakistan said, denying local media reports that the Fund was seeking fresh financing.
"There is no truth to reports that the IMF is asking Pakistan to raise $8 billion in fresh financing," Esther Pérez Ruiz said in a text message sent to Reuters on Sunday.
A staff-level agreement on the review has been delayed since November, with nearly 100 days passed since the last staff level mission to Pakistan - the longest such delay since at least 2008. The United Arab Emirates, Saudi Arabia and China came to Pakistan's assistance in March and April with pledges that would cover some of the funding deficit.
Pakistani Finance Minister Ishaq Dar said during a seminar on Thursday that Pakistan would not default, with or without the IMF, and that the country could not afford to take any additional harsh measures to accommodate the IMF.
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