INSUBCONTINENT EXCLUSIVE:
ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif has sought a meeting with the International Monetary Fund (IMF) managing director
$1.2-billion tranche to the cash-starved country.Sharif left for Paris on Wednesday for the summit, taking place on June 22-23.In the past
$6.7-billion bailout package
Despite these attempts, hopes are diminishing for the revival of the programme that expires on June 30.The pending ninth review under the
alternative but to try and revive the deal.Junior finance minister Dr Aisha Pasha said Pakistan had requested the IMF to consider reducing
the $6 billion external financing requirement based on new current account deficit data, but the lender did not agree
She explained that there was an understanding to arrange $3 billion before the staff-level agreement and the remaining $3 billion after
was to pursue the IMF programme.
