Islamabad : International Monetary Fund head Christine Lagarde used a meeting on Sunday with Pakistani Prime Minister Imran Khan to reiterate calls for reforms to its struggling economy, but there was no sign of agreement on a bailout package.
Pakistan is seeking what would be its 13th IMF bailout since the late 1980s, but the deal has been held up by differences over demands Khan’s government fears may harm growth.
While those talks have continued, Pakistan has raised more than $10 billion in loans and credit arrangements from Saudi Arabia, the United Arab Emirates and China to ease strain on its dwindling foreign currency reserves.
Lagarde said her meeting with Khan at the sidelines of the World Government Summit in Dubai had been “good and constructive” and she reiterated IMF willingness to help.
