Pakistan likely to secure IMF bailout to stave off monetary crisis

Pakistan likely to secure IMF bailout to stave off monetary crisis

ISLAMABAD: Pakistan is likely to secure an International Monetary Fund (IMF) bailout soon to stave off a balance of payment crisis and help shore up its economy, Finance Minister Asad Umar said on Monday, as talks between Islamabad and the fund continue. That meeting ended with a pledge to continue talks, and while there had not been any indication of a breakthrough, Umar said an agreement was coming into view. "It seems we have come very close to having an agreement with the IMF".

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