Pakistan’s external financing requirements for IMF deal unchanged – IMF

Pakistan’s external financing requirements have not been changed in talks with the International Monetary Fund (IMF) over bailout funds, denying local media reports that the Fund was seeking fresh financing.
The IMF Resident Representative in Pakistan, Esther Perez Ruiz, said, “There is no truth to reports that the IMF is asking Pakistan to raise $8 billion in fresh financing.”
Perez Ruiz said that external funding requirements had not changed throughout the discussions, under a review that would unlock $1.1 billion in financing for the cash-strapped South Asian nation as part of a $6.5 billion IMF package.
A staff-level agreement on the review has been delayed since November, with nearly 100 days passed since the last staff level mission to Pakistan – the longest such delay since at least 2008.