Pakistan IMF Bailout

The Pakistan government is resisting the demand due to high inflation that has eroded people's real income

The successful completion of the first review would enable Pakistan to draw about $453 million from the International Monetary Fund in December

The IMF's Executive Board had on July 3 approved the three-year bailout package worth $6 billion to Pakistan.

The US has serious reservations over global lenders like the IMF providing a bailout to Pakistan to pay off Chinese debts

Pakistan's Economic Advisory Council held its first session last week, chaired by Finance Minister Asad Umar, who took office last month

Pakistan's incoming finance minister said the country could turn to the IMF, friendly countries and issue diaspora bonds to bolster the nation's depleting reserves