Pakistan to seek larger IMF bailout package of over $8 billion

Cash-strapped Pakistan is set to formally request a bailout package from the International Monetary Fund (IMF) through the Extended Fund Facility (EFF). Reports suggest Islamabad may seek over 8 billion US dollars during the upcoming IMF/World Bank spring meetings in Washington, DC, from April 15 to 20. It is expected that Pakistan may request for enhanced quota like it did in 2008.

from Times of India https://ift.tt/wqpoVFW