Pakistan PM Sharif says another IMF bailout is inevitable

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Prices at the Pumps - March 20, 2024 #saltwire #energymarkets #pricesatthepumps #gaspricesISLAMABAD -Pakistan's Prime Minister Shehbaz Sharif said on Thursday that a long-term bailout from the International Monetary Fund was inevitable given the South Asian country's broken economy.

With a long-term, two-to-three year IMF programme, he said, the $350 billion economy that has long been under extreme stress with a yawning balance of payment crisis would need deep-rooted structural reforms. The stand-by arrangement expires on April 11. The lender has already said it would formulate a medium-term programme if Islamabad applies for it.

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