Pakistan Prime Minister Shehbaz Sharif said the International Monetary Fund was giving his country a tough time over unlocking stalled funding from a $6.5 billion bailout, at a time of ‘unimaginable’ economic crisis
Pakistan's Prime Minister Shehbaz Sharif speaks at a news conference, during a summit on climate resilience in Pakistan, months after deadly floods in the country, at the United Nations, in Geneva, Switzerland, January 9, 2023. REUTERS/Denis Balibouse
ISLAMABAD, Feb 3 - Pakistan Prime Minister Shehbaz Sharif said on Friday the International Monetary Fund was giving his country a tough time over unlocking stalled funding from a $6.5 billion bailout, at a time of "unimaginable" economic crisis. Sharif made the comments in a meeting of civil and military leaders in the northwestern city of Peshawar he chaired to prepare a response to Monday's"Our economic situation is unimaginable," the premier said. "As you know, the IMF mission is in Pakistan, and that's giving us a tough time," he said.
"You all know we are running short of resources," Sharif said, adding Pakistan "at present was facing an economic crisis that's beyond imagination."Sharif made the remarks in the context of funds the country might need for any military or counter-terrorism response to the resurgent Islamist militancy.
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