The International Monetary Fund will hold a crucial round of talks with Pakistan's newly elected government this week to determine whether the country has met conditions for receiving the much needed final $1.1 billion tranche of a $3 billion bailout, officials said Wednesday.
The ministry said once a staff-level agreement with IMF is reached, the executive board of the global lender will approve the disbursement of the $1.1 billion to Pakistan. The latest development comes a day after Pakistan’s newly appointed Finance Minister Muhammad Aurangzeb told reporters that Islamabad will seek a new bailout from the IMF when the current one successfully concludes.
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