Pakistan, IMF agree to hold more talks, delaying bailout

People visit a dry fruit market in the old area of Peshawar, Pakistan, Feb 1, 2023. ([PHOTO / AP)

KARACHI – Pakistan and the International Monetary Fund have agreed to continue talks on a bailout deal, delaying the disbursement of $1.1 billion in funding critical to keeping the South Asian economy afloat.

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"Virtual discussions will continue in the coming days," IMF Pakistan Mission Chief Nathan Porter said in a statement, adding that considerable progress had been made.