Pakistan Asks for More IMF Funding

Pakistan is seeking a further $4 billion from the International Monetary Fund to keep its ailing economy afloat, according to Shaukat Tarin, finance adviser to the prime minister. The additional funding is on top of a previous IMF commitment of $7.6 billion approved last November,

reported. The fund is expected to approve the third tranche of the $7.6 billion loan and the additional $4 billion assistance next month.