Pakistan says it agrees to IMF terms on release of $1.1bn payout

A handout photo released by the Pakistan Press Information Department (PID) on January 31, 2023 shows government officials and IMF team holding bailout talks [File: PID/AFP]

Islamabad, Pakistan – Pakistan says it has agreed with the International Monetary Fund (IMF) on conditions to release about $1.1bn in financial aid critical to escape an economic collapse.

As an IMF team left cash-strapped Pakistan on Friday after 10 days of talks with the government, finance minister Ishaq Dar said the payout was delayed due to “routine procedures”.