ISLAMABAD (Financial Times) -- Pakistan and IMF negotiators have reached an agreement on a $6bn loan for the country, the finance ministry said last night.
Speaking on state-run Pakistan Television, Abdul Hafeez Shaikh, head of the finance ministry, said: “We have reached an agreement with the IMF staff for $6bn for the next three years. There will be adjustments involved but we will try to make certain that the extent of pain on low-income people is minimal.”
