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PM Khan, IMF chief discuss comprehensive policy package in Beijing

April 26, 2019

Photo: Christine Lagarde

Prime Minister Imran Khan met IMF MD Christine Lagarde on the sidelines of Second Belt and Road Forum in Beijing on Friday.

Pakistan is negotiating with the fund for a bailout package.

“I was glad to meet Prime Minister Khan of Pakistan today in Beijing,” tweeted Christine Lagarde. “We discussed prospects for a comprehensive policy package and international financial support to help stabilize the economy of Pakistan.”

The government is hoping for a $6 billion bailout package from the IMF.

Related story: Pakistan’s new financial wizard prioritises talks with the IMF

IMF wants Pakistan to cut fiscal deficits, reduce losses of state-run companies, a market-driven exchange rate, and a broadened tax base.

“We want the IMF team to visit Pakistan as early as possible to accelerate and complete the process,” Hafeez Shaikh, the new adviser to PM Khan on finance who replaced Asad Umar, told reporters on April 20.

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