The International Monetary Fund (IMF), considered the most important for countries around the world, has said that Pakistan will have to meet certain conditions of the second review for a bailout package of USD 6 billion. This is the second time Pakistan's performance has been reviewed. Also, an IMF team is reviewing Pakistan's performance under a six billion dollar (about 42 thousand crore rupees) bailout agreement. An agreement was reached in July for this bailout package. This financial help has been given to bring the bad economy of Pakistan back on track.
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According to media reports, the Finance Ministry of Pakistan approached the IMF for a bailout package in August 2018 when the Imran Khan government took power. Pakistan's Dawn News quoted IMF mission chief, Ernesto Ramirais Rigo, as saying that IMF staff and Pakistani officials had reached an agreement on policies and reforms for a second review.
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After several meetings with Prime Minister Imran Khan's Finance and Revenue Hafiz Sheikh, State Bank of Pakistan Governor Reza Bakir and Finance Secretary Naved Kamal Baloch, IMF Mission Head Rigo spoke Has announced.
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