IMF holds key talks with Pakistan on $7bn bailout amid fiscal concerns

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IMF holds key talks with Pakistan on $7bn bailout amid fiscal concerns - Business Standard

Quick Summary:

The chiefs of Pakistan's central bank and federal board of revenue also attended the meeting besides other officials from both the sides, the statement said.

A failed attempt by Pakistan to sell its national airline, a major setback to plans to privatise all loss-making state-owned enterprises, will also be discussed along with power and gas sectors losses, they said.

Pakistan has been struggling with boom-and-bust economic cycles for decades, leading to 23 IMF bailouts since 1958.