Pakistan may go to IMF but will seek other options first - PM

Pakistan may go to IMF but will seek other options first - PM

Prime Minister Imran Khan said on Sunday that Pakistan might need to return to the International Monetary Fund to address its mounting balance of payments crisis but would seek funding from friendly countries first, The New York Times reported.

Istanbul, October 8 (DHA) - Prime Minister Imran Khan said on Sunday that Pakistan might need to return to the International Monetary Fund to address its mounting balance of payments crisis but would seek funding from friendly countries first, The New York Times reported.

Khan, who took office in August, blamed Pakistan's economic woes on the previous government and repeated a promise to recover billions of dollars he says corrupt officials have stashed abroad.

He has been reluctant to ask the IMF for emergency loans that would be the country's second bailout in five years.


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