Pakistan, IMF in final round of talks on $8 billion bailout

Pakistan and the International Monetary Fund have launched the final round of discussions a deal that’s expected to be signed next month.

The round began in the capital on Monday and will be expected to continue till May 7.

It comes as the IMF issued a report on regional and Mideast markets, saying that Pakistan’s economic expansion is expected to slow from about 5 to near 3% annually.

The U.S., that exerts major influence over IMF, has stated it should not fund the billions of dollars in loans that Pakistan has obtained from China within Beijing’s”Belt and Road” infrastructure initiative.

Prime Minister Imran Khan has guaranteed to improve the nation’s economy and provide more jobs.