• Thursday, May 26, 2022

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Pakistan, IMF Extend Bailout Talks After Failing To Reach Deal

Pakistani cricketer-turned-opposition leader Imran Khan (C) arrives at the Parliament building to attend a special session in Islamabad on May 16, 2016. Pakistan’s Prime Minister Nawaz Sharif will attend a parliamentary session to answer questions from the opposition on the Panama Leaks. Three of Sharif’s children were named in a vast leak of documents from Panama-based law firm Mossack Fonseca this month that has revealed how the wealthy hide their money. / AFP / AAMIR QURESHI (Photo credit should read AAMIR QURESHI/AFP/Getty Images)

By: Radhakrishna N S

Pakistan has extended talks with the International Monetary Fund (IMF) after the two sides failed to agree on the terms of a bailout package, a finance ministry official said on Tuesday (20), with a final deal now expected by mid-January. Pakistan is negotiating its second IMF bailout since 2013 and talks had been expected to conclude this month during a visit by an IMF delegation to Islamabad. Finance ministry spokesman Noor Ahmed said there were still some issues to be ironed out. “We have covered a lot of areas in terms of convergence of views,” Ahmed told Reuters. “But there…

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