March 25, 2020 / 1:44 PM / 4 days ago

Pakistan seeks $1.4 billion IMF loan to counter coronavirus - government adviser

ISLAMABAD, March 25 (Reuters) - Pakistan is seeking another $1.4 billion loan from the International Monetary Fund (IMF) to help it deal with the economic slowdown from the coronavirus, government finance adviser Abdul Hafeez Shaikh said on Wednesday .

Pakistan will also be seeking more suport from World Bank and Asian Development Bank, Sheikh added.

“This 1.4 billion we are asking will be a low cost fast disbursing loan,” he told a news conference in Islamabad.

The IMF agreed to a $6 billion financial aid programme for Pakistan last year. (Reporting by Asif Shahzad; Editing by Andrew Heavens)

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