Pakistan and IMF hold talks over aid
Economy
12:00 23/08/2010

Pakistan and IMF hold talks over aid

Pakistani Finance Minister Abdul Hafeez Shaikh and other senior Pakistani finance officials are traveling to Washington for the talks with the IMF, which will also be an opportunity to speak directly to the Obama administration about aid, foreign media reported.

The IMF talks are set to focus on the future of Pakistan's $10 billion IMF program agreed upon in 2008, which was already off-track before the floods hit. The disaster is set to compound Pakistan's economic woes as the government is forced to deal with more than 4 million left homeless, along with widespread damage to crops and infrastructure.
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Pakistan and IMF hold talks over aid