PAKISTAN SET TO APPROACH IMF FOR SECOND BAIL-OUT PACKAGE

  • 07/04/2021

Pakistan Prime Minister Imran Khan has indicated that he would approach the International Monetary Fund (IMF) for a second relief package to help the cash-strapped government reach the needy people amid the coronavirus pandemic.Khan's remarks came during his address at the launch of the United Nations Development Programme's Pakistan National Human Development Report on Inequality on Tuesday.Earlier, Pakistan had secured a USD 6 billion loan from the IMF in 2019.Khan said the IMF managing director Kristalina Georgieva, too, realized the gravity of the situation, as certain conditions could not be imposed on the people amid the pandemic.Speaking on inequality, Khan said laundering of money from poor states to tax havens and rich countries was widening the gap between rich and poor states even during the COVID-19 pandemic.

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