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Reuters
Reuters
Business
By Ariba Shahid

Pakistan's Prime Minister hopeful for deal with IMF this month

FILE PHOTO: Pakistan's Prime Minister Shehbaz Sharif attends a summit on climate resilience in Pakistan, months after deadly floods in the country, at the United Nations, in Geneva, Switzerland, January 9, 2023. REUTERS/Denis Balibouse

Pakistani Prime Minister Shehbaz Sharif is hopeful of finalising a deal with the International Monetary Fund (IMF) this month, he said in an interview with Turkish news agency Anadolu.

The release of pending bailout funds under the 9th IMF review are crucial for Pakistan to resolve an acute balance of payments crisis. Reserves at the country's central bank can just cover a month's worth of imports.

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