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Imran Khan's party urges IMF to take Pakistan's instability into account in talks: sources

Imran Khan's party urges IMF to take Pakistan's instability into account in talks: sources

 



ISLAMABAD: The party of jailed former Pakistan Prime Minister Imran Khan has asked the International Monetary Fund to take the country's political stability into account in any new bailout negotiations, two people familiar with the matter said on Wednesday. Khan's Pakistan Tehreek-e-Insaf (PTI) party has sent a letter to the IMF detailing its position, two senior party sources said, adding that more details would be made public in due course. The IMF did not respond to an email for comment on the letter. The IMF also declined to comment on the country's political situation last week after Khan's aides said they would urge the lender to seek an independent audit of Pakistan's disputed Feb. 8 elections before entering into new negotiations with Islamabad. Pakistan's cash-strapped economy is struggling to stabilize after securing a $3 billion stand-by arrangement from the IMF last summer. Analysts say a new government – which Khan's opponents are expected to form – will likely need more funds from the global lender after the stand-by deal expires in April. Khan, ousted in April 2022 in a vote of confidence in Parliament, has been accused by opposition parties of scuppering an IMF deal under a $6 billion expanded financing facility just a few years ago. days before leaving office, an accusation he denies. An IMF spokesperson said last week that it was focused on completing the relief package, but was available to support the post-election government through a new arrangement to address the current challenges of the Pakistan, if asked.

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2/ https://timesofindia.indiatimes.com/world/pakistan/imran-khans-party-urges-imf-to-consider-pakistans-instability-in-talks-sources/articleshow/108077319.cms

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