Imran Khan, Christine Lagarde to hold talks on IMF bailout

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Prime Minister Imran Khan will hold talks with International Monetary Fund (IMF) Managing Director Christine Lagarde in Dubai as part of government’s ongoing negotiations to win a bailout package.

The meeting comes as the PTI government struggles to deal with a current account deficit that may leads to a balance of payments crisis.

The prime minister flew to Dubai on a day-long visit, on the invitation of Sheikh Mohammad Bin Rashid Al-Maktoum to participate in the seventh edition of the World Government Summit.

He is accompanied by Foreign Minister Shah Mehmood Qureshi, Finance Minister Asad Umar, Minister for Maritime Affairs Syed Ali Haider Zaidi and Adviser to the PM on Commerce Abdul Razak Dawood,

Speaking to Reuters, Information Minister Fawad Chaudhry said, the talks between PM Imran and Lagarde on the sidelines of the World Government Summit will give Pakistan a chance to give their version. “This will give us a chance to understand the IMF views and we will be able to give our version to [Lagarde],” said Chaudhry.

“The problem is not the (IMF) deal, the problem is the condition attached to the deal,” Chaudhry said.

“We don’t want conditions that hurt Pakistan’s growth prospects. We want a fair deal that can actually help Pakistan in the short term, without affecting our long-term economic goals.”