Pakistan “desperate” for loans, says prime minister Imran Khan

• Keerthi Mohan
• 23 October, 2018

By: Keerthi Mohan

Pakistan is seeking loans from the International Monetary Fund (IMF) and friendly countries to reservice debt and shores up its economy, prime minister Imran Khan said on Tuesday (23). “What we are hoping is that we do a bit of both, get a loan from IMF and other loans from friendly governments,” Khan told an audience at an investment conference in Saudi Arabia’s capital, Riyadh. Islamabad has already asked the IMF to open negotiations for the country’s second potential bailout in five years. Khan, who took office in July, has also been seeking alternatives to the tough conditions the IMF is…

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