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Ban cheese imports? Pakistan discusses new formula to avoid IMF bailout

Pakistan's Economic Advisory Council held its first session last week, chaired by Finance Minister Asad Umar, who took office last month

Reuters  |  Islamabad 

Pakistani economic advisors discussed banning imports of luxury cars, smartphones and cheese in a wide-ranging strategy session on how to avoid seeking a bailout from the International Monetary Fund (IMF), a senior government advisor said. While no decisions were made, the floating of radical measures to tackle Pakistan's ballooning current account deficit by the newly formed Economic Advisory Council (EAC) underscores the new government's determination to avoid another IMF bailout. The EAC held its first session last week, chaired by Finance Minister Asad Umar, who took ...

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First Published: Sun, September 09 2018. 17:27 IST
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