Lifeline For Cash-Strapped Pakistan? PM Sharif Dials IMF Chief, Talks “Standby Agreement’ | Details

Amid a worsening economic crisis, Pakistan is discussing a 'standby agreement' with the International Monetary Fund. Pakistan's PM Shehbaz Sharif held talks with the IMF Chief and the two sides are mulling a six-to-nine months agreement worth $2.5 billion. With skyrocketing inflation and fast-depleting forex reserves, Pakistan is inching towards a default. Pakistan and IMF need to announce a staff-level agreement by June 30. Watch this video for details.