Pakistan to Request $6 Billion IMF Loan to Repay Debts and Stabilize Economy
- Pakistan plans to seek at least $6 billion in new IMF loan to help repay debt due this year
- Will negotiate an Extended Fund Facility with the IMF
- Talks expected to start in March or April
- Pakistan averted default last summer thanks to short-term IMF bailout
- Previous IMF bailout required budget revisions, interest rate hikes, and price increases