Pakistan Seeks $6 Billion IMF Loan Amid Election Controversy
Imran Khan demands election audit as condition for IMF negotiations, while the fund shows readiness to support Pakistan's new government.
- Pakistan is seeking a new $6 billion loan from the IMF to help the incoming government repay billions in debt due this year.
- Imprisoned former Prime Minister Imran Khan has urged the IMF to link any discussions with Islamabad to an audit of the country's recent election, alleging rigging.
- The IMF has expressed readiness to work with Pakistan's new government on policies for macroeconomic stability, despite the political chaos and election controversies.
- Economists warn that linking IMF negotiations to election audit demands could be dangerous for Pakistan's economy, which is already facing significant challenges.
- Pakistan's new coalition government, emerging from a split mandate in the recent elections, is under pressure to negotiate a new plan with the IMF to avoid default.