Don’t miss the latest developments in business and finance.

IMF wants Pak Prez to endorse new bailout plan: Report

Image
Press Trust of India Islamabad
Last Updated : Jan 25 2013 | 4:04 AM IST

"Active political support is required at the highest level to implement essential reforms in Pakistan ... It will be worthwhile to consider the President for co-signing the letter of intent (for any future arrangement)," IMF's post-evaluation draft report for a new 11.3-billion dollar bailout programme was quoted as saying by The Express Tribune.

A letter of intent states the policies a borrowing country intends to implement with the help of its financial assistance.

It is a standard practice for a recipient country

Also Read

First Published: Aug 09 2012 | 2:50 PM IST

Next Story