Pakistan Needs IMF Loan
A top Pakistani official has said that Islamabad would approach the International Monetary Fund (IMF) for a loan in the next 10 to 15 days.
Pakistan has been exploring other sources of funds in order to avoid stringent IMF conditions, but the efforts have failed so far.
The official said the country would have to "swallow the bitter pill".
Pakistan needs more than $5bn in less than a month to avoid defaulting on international debts.
Pakistan has been exploring other sources of funds in order to avoid stringent IMF conditions, but the efforts have failed so far.
The official said the country would have to "swallow the bitter pill".
Pakistan needs more than $5bn in less than a month to avoid defaulting on international debts.
