‘We have to unwillingly accept strict conditions of IMF deal’: Pakistan PM
Live MintPakistan Prime Minister Shehbaz Sharif on Friday said that the crisis-hit country has to ‘unwillingly’ accept the strict conditions of the IMF deal to provide a lifeline for an economy in turmoil. “We have to accept unwillingly the strict conditions for the IMF deal. The South Asian country's economy has been in turmoil and desperately needs external financing, with its foreign exchange reserves dipping to around $3 billion, barely enough for three weeks' worth of imports. The country has received a deposit of $700 million from the China Development Bank, which will provide a much-needed boost to the country's foreign exchange reserves as Pakistan has been struggling with its external debt and has barely enough dollars to cover less than three weeks' worth of imports.