Pak PM Imran to meet IMF chief in Dubai for bailout package

International

New Delhi: Pakistan Prime Minister Imran Khan will meet IMF chief Christine Lagarde in Dubai on Sunday to discuss the conditions of the bailout package for his cash-strapped country.

Khan is paying a day-long trip to the UAE to take part in the 7th edition of the World Government Summit on the invitation of Vice President and Prime Minister of the UAE Sheikh Mohammad Bin Rashid Al-Maktoum.

Information Minister Fawad Chaudhry told Dawn newspaper that the premier will meet Lagarde on the sidelines of the World Government Summit in Dubai.

The report quoted a senior official involved in the negotiations as saying that Pakistan and the International Monetary Fund (IMF) have narrowed their positions on the scale of adjustments over the past few weeks of continuous engagements.

The IMF is asking for an adjustment of around Rs 1,600-2,000 billion over three to four years. It also wants some corrective measures to put Pakistan’s economy on the right track after witnessing the highest-ever current account deficit.

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