Financial Times FT.com

Pakistan considers $15bn support package

By Farhan Bokhari in Islamabad and Krishna Guha and Demetri Sevastopulo in Washington

Published: October 20 2008 19:35 | Last updated: October 20 2008 19:35

Pakistan is in informal discussions with the International Monetary Fund and other bodies over a $10bn-$15bn international support package designed to stabilise its economy and avoid a balance of payments crisis.

A little over half the total would come in the form of an IMF loan. The balance would be provided by the World Bank, the Asian Development Bank and bilateral donors, potentially including Saudi Arabia. Pakistan is also seeking funds from China.

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