Pak­istani premier to meet IMF chief for talks on bailout

Hindustan Times ST (Jaipur) - - World - Reuters let­[email protected]­dus­tan­times.com

IS­LAM­ABAD: Pak­istani Prime Min­is­ter Im­ran Khan met In­ter­na­tional Mone­tary Fund (IMF) chief Chris­tine La­garde in Dubai on Sun­day for talks on is­sues which have held up bailout ne­go­ti­a­tions.

Pak­istan is seek­ing its 13th bailout since the late 1980s to deal with a cur­rent ac­count deficit that threat­ens to trig­ger a bal­ance of pay­ments cri­sis, but talks have been de­layed by dif­fi­cul­ties in rec­on­cil­ing IMF re­form de­mands with Is­lam­abad’s fears the push is too dras­tic and could hurt eco­nomic growth. In­for­ma­tion min­is­ter Fawad Chaudhry told Reuters Khan will meet IMF man­ag­ing di­rec­tor Chris­tine La­garde on the side­lines of the World Govern­ment Sum­mit in Dubai. “This will give us a chance to un­der­stand the IMF views and we will be able to give our ver­sion to (La­garde),” said Chaudhry, who is ac­com­pa­ny­ing Khan to Dubai along with Fi­nance Min­is­ter Asad Umar.

Chaudhry said Pak­istan wants any agreed bailout pack­age, which would be the coun­try’s sec­ond IMF bailout since 2013, to be the na­tion’s last such eco­nomic res­cue by the IMF. Talks were to con­clude in Novem­ber but they have been de­layed.

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