IMF: Pakistan Submits Request for Emergency Lending
(WorldNews Asia)

The International Monetary Fund (IMF) says Pakistan has formally requested financial assistance from the lender to help address the country´s economic challenges. Pakistani Finance Minister Asad Umar submitted the request to IMF Managing Director Christine Lagarde during a meeting on the sidelines of the IMF and World Bank annual conference in Bali, Indonesia. `An IMF team will visit Islamabad in the coming weeks to initiate discussions for a possible IMF-supported economic program,` an IMF statement Thursday quoted Lagarde as saying. `We look forward to our continuing partnership,` she added. The statement did not specify how much money Pakistan is seeking. About $12 billion Pakistani Prime...