Saturday, 24 August 2019, 12:01:02 pm
The bailout packages from friendly countries strengthened our position to negotiate with IMF:

Dr. Noor Fatima (Economist):

Pakistan is facing current account deficit, fiscal ad trade deficit and has been trying to introduce economic reforms. This will strengthen our position to negotiate with IMF for a bailout package. Pakistan's debt transparency is an utmost prerequisite for a possible bailout package from the International Monetary Fund. The government has managed a restructuring package comprising trade finance and one-time inflows to cover $12 billion fiscal gap. The economy is going through a familiar boom-and-bust cycle that pushed it back at IMF.