PM Imran meets IMF chief Christine Lagarde in Dubai

DUBAI: Prime Minister Imran Khan met with International Monetary Fund (IMF) Managing Director Christine Lagarde in Dubai on Sunday.

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Matters pertaining to bilateral interest were discussed during the meeting.

The premier is in Dubai on a day-long visit, on the invitation of Sheikh Mohammad Bin Rashid Al-Maktoum to participate in the seventh edition of the World Government Summit. He is accompanied by Foreign Minister Shah Mehmood Qureshi, Finance Minister Asad Umar, Minister for Maritime Affairs Syed Ali Haider Zaidi and Adviser to the PM on Commerce Abdul Razak Dawood.

This annual gathering of heads of states/government, policymakers, business leaders and experts will provide an occasion to discuss current and future opportunities to improve governance through reform, innovation and technology.

Speaking to Reuters, Information Minister Fawad Chaudhry said, the talks between PM Imran and Lagarde on the sidelines of the World Government Summit gave Pakistan a chance to give their version.

He added, Pakistan wants any agreed bailout package, which would be the country’s second IMF bailout since 2013, to be the nation’s last such economic rescue by the IMF.

“The problem is not the (IMF) deal, the problem is the condition attached to the deal,” Chaudhry said.

“We don’t want conditions that hurt Pakistan’s growth prospects. We want a fair deal that can actually help Pakistan in the short term, without affecting our long-term economic goals.”

The IMF talks come amid a worsening macroeconomic outlook, with growth expectations slashed for the current fiscal year to about 4 per cent from 6 per cent previously forecast.

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