Pakistan is seeking a USD 7 billion bailout package from the IMF to prevent the collapse of the economy. While the visiting IMF delegation is asking for several reforms and compliance with its conditionality.
Meanwhile, Pakistan is contesting the fiscal gap in achieving the primary deficit. Pakistani authorities have asked the IMF for incorporating flow of reduction under the revised Circular Debt Management Plan (CDMP) and reduced the amount of required additional subsidy of Rs 605 billion again
Islamabad [Pakistan], April 26 (ANI): As Pakistan's foreign currency continues to witness a drop-down, the crisis-hit country requires dollar inflows of USD 9 to USD 12 billion in the shape of rollovers and fresh loans from bilateral donors and commercial banks to get a breathing space.