Govt faces $4b financing gap despite IMF deal

Pakistan was still facing a $4 billion financing gap that will be bridged by selling stakes of listed government companies to a friendly country, buying oil and gas on deferred payments and arranging cash deposits, said Finance Minister Miftah Ismail on Saturday.

The finance minister’s remarks that came two days after a deal with the International Monetary Fund give credence to the reports that the friendly nations would help Pakistan only after the revival of the bailout package.

“In case, Pakistan goes off the mark, the lifeline will be cut,” according to the sources.
Miftah addressed a news conference along with Minister for Information and Broadcasting Marriyum Aurangzeb on Pakistan's current economic situation.

“Against the $35….

Read the full story at the express tribune website.