Published by
Al-Araby
Al-Araby
Pakistan opened long-delayed talks with the International Monetary Fund (IMF) on Wednesday, seeking the release of more funds from a $6 billion rescue package agreed in 2019 to help shore up the South Asian nation’s battered economy. Pakistan has already asked the IMF to increase the size and duration of its $6 billion programme, with foreign reserves falling as low as $10.3 billion so that they cover less than two months of imports, a widening current account deficit, surging inflation and a plunging currency. It is the responsibility of Pakistan coalition govt to meet the grave economic chal…