Pakistan to seek additional $ 4.5 b from IMF

Pakistan will seek an additional loan of whopping USD 4.5 billion from the International Monetary Fund to boost its fragile economy, reeling under a widening trade deficit, an official said.

The IMF has already agreed to give Pakistan a whopping USD 7.6 billion to restructure its economy and this amount will be additional. Pakistani officials met creditors to review how the cash is being spent, AP reported.

At the talks in Dubai, which are due to last until February 26, Pakistani and IMF officials will assess financial targets set for the country to qualify for the second installment of the loan, a finance ministry official said. PTI