Pakistan Will Still Seek IMF Bailout After Saudi Support Package
- Prime Minister Imran Khan has voiced reluctance to turn to IMF
- Saudi Arabian package includes $3b deposit, $3b oil support
This article is for subscribers only.
Pakistan will still seek an International Monetary Fund bailout even after it secured a $6 billion in financial support from Saudi Arabia.
Islamabad will now negotiate with the IMF from an “improved position,” Finance Ministry spokesman Noor Ahmed told Bloomberg by phone on Wednesday. An IMF program will help boost discipline in the economy, he said.