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Pakistan meets all requirements for the IMF bailout deal — official

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Turkiye News

Turkey,Middle East,Africa

The South Asian country has set ambitious revenue targets in its budget to secure an IMF loan and avoid an economic meltdown, despite rising domestic anger over new taxes.

Pakistan's benchmark share index rose 1 percent during trading on Wednesday, reaching a record intraday high of 80,348 points at 0640 GMT. / Photo: Reuters Archive

"I think it will be north of $6 billion," he said of the size of the package, though he added at this point the IMF's validation was the primary focus. Malik said the point of pushing out a tough and unpopular budget was to use it a stepping stone for an IMF programme, adding the lender was satisfied with the revenue measures taken, based on their talks.

 

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