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IMF Pakistan Bailout Of $8 Billion To $12 Billion Likely By Mid-May: Minister

Saturday, March 30, 2019, 7:19 AM

Cash-strapped Pakistan is likely to secure a bailout package between USD 6 billion and USD 12 billion from the IMF by the middle of May after the two sides significantly bridged the "gap" on the terms of the deal, Finance Minister Asad Umar has said.The PTI government led by Prime Minister Imran Khan has been grappling with a severe balance of payments crisis.