Pak economic crisis,Pakistan seeks US help to soften IMF terms

Story highlights
  • Ishaq Dar discusses economic challenges with US officials.
  • Pakistan requests US to use its influence over IMF.
  • Pak-IMF differences persist over approach to dealing with exchange rate.the sources said that Pakistan and the IMF continued exchanging data this week, but the Fund has not shown any lenient attitude or relaxed its tough conditions so far.

    One of the bones of contention is persistent differences over the approach to dealing with the exchange rate as the IMF considers it completely unacceptable for maintaining an artificially stable exchange rate.

    Though PM Shehbaz Sharif had publicly announced that the government was ready to implement all IMF conditions for reviving the Fund programme, the government was finding it politically hard for implementing the tough conditions.

    When contacted, a senior official of the Finance Division said the talks continued in a positive way.

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