Pakistan to begin talks with IMF over yet another bailout


  • World
  • Tuesday, 06 Nov 2018

FILE PHOTO: Pakistani Prime Minister Imran Khan speaks at the opening ceremony for the first China International Import Expo (CIIE) in Shanghai, China November 5, 2018. REUTERS/Aly Song/Pool

ISLAMABAD (Reuters) - Pakistan begins nearly two weeks of talks with the International Monetary Fund on Wednesday over what would be the South Asian country's 13th IMF bailout since the 1980s to help it end a spiralling current account crisis.

Finance Minister Asad Umer says $12 billion is required immediately, a large chunk of which is expected to be drawn from the IMF.

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