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Pakistan to approach IMF for a bailout, Asad Umar announces

The government has made the "difficult decision" to approach the International Monetary Fund (IMF) for a bailout to address the mounting balance of payments crisis faced by Pakistan, Finance Minister Asad Umar announced on Monday.
In a video message, the minister revealed that Prime Minister Imran Khan had given the go-ahead to open talks with the Fund for a bailout programme after consulting economic experts and stakeholders.
"The prime minister... after consulting everyone decided today that we should open talks with the IMF," Umar said.

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