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Reuters

Business

Pakistani PM approves IMF agreement, says Geo citing sources

GEO International Monetary Fund Pakistan Shahbaz Sharif

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/File Photo

Pakistan's Prime Minister Shahbaz Sharif has approved a deal with the International Monetary Fund (IMF) and all mattters over the bailout program are settled, local broadcaster Geo said on Thursday, citing sources.

Cash-strapped Pakistan had been due to wrap up talks on Thursday with the IMF in a bid to unlock stalled funds from a $6.5 billion bailout to ward off economic meltdown.

(Reporting by Sudipto Ganuguly)

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