DAVOS, SWITZERLAND -- An ongoing bailout deal between Pakistan and the International Monetary Fund (IMF) is "outdated" given a number of global crises, its Foreign Minister Bilawal Bhutto Zardari said on Wednesday.
"This deal is a pre-COVID deal. It is a pre-Afghanistan fallout deal. It is a pre-Ukrainian crisis deal. It is a pre-inflation deal," Bhutto Zardari told Reuters on the sidelines of the World Economic Forum in Davos.
Pakistan entered a three-year, $6 billion IMF deal in 2019, but is struggling to implement tough policy commitments. Talks are underway in the Qatari capital of Doha to release funds to stabilize Pakistan's struggling economy.
(Reporting by Tara Oakes and Leela de Kretser in Davos; Writing by Gibran Peshimam; Editing by Alexander Smith)
