Pakistan seeks $1.4 billion IMF loan to counter coronavirus - government adviser
- Country:
- Pakistan
Pakistan is seeking another $1.4 billion loan from the International Monetary Fund (IMF) to help it deal with the economic slowdown from the coronavirus, government finance adviser Abdul Hafeez Shaikh said on Wednesday . Pakistan will also be seeking more suport from World Bank and Asian Development Bank, Sheikh added.
"This 1.4 billion we are asking will be a low cost fast disbursing loan," he told a news conference in Islamabad. The IMF agreed to a $6 billion financial aid programme for Pakistan last year.
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