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On eve of IMF talks, Pakistan's finance minister says balance of payments crisis over

Reuters  |  ISLAMABAD 

(Reuters) - Pakistan's minister said on Tuesday his country's crisis was over, a day before a team from the (IMF) is due to arrive to discuss a potential aid package.

said a combined $6 billion of Saudi money and promised funds from would cover a projected $12 billion shortfall in foreign currency to service Pakistan's debt.

"So, Pakistan's immediate balance of payment crises is over. That I can tell you categorically that now we don't have anymore a balance of payment crises," he told a briefing, without mentioning the IMF.

(Writing by Kay Johnson; editing by John Stonestreet)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 06 2018. 20:04 IST