ISLAMABAD -- Pakistan has made a formal request to the International Monetary Fund for a new loan package in the range of $6 billion to $8 billion under the Extended Fund Facility (EFF). The South Asian country has also asked the IMF to dispatch a review mission in May to finalize details of the new deal.
Economy
Pakistan bargains hard for larger IMF deal of up to $8bn
Struggling country must reform economy to survive, even after approval
Pakistan needs to repay $75 billion in debt over the next three years, according to Lahore-based capital markets expert Abdul Rehman. © Reuters
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