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PTI urges IMF to consider political instability in bailout talks

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The Pakistan Tehreek-e-Insaf has asked the International Monetary Fund to factor in the country’s political stability in any further bailout talks, two people familiar with the matter said on Wednesday.

Incarcerated former prime minister Imran Khan’s party has sent a letter to the IMF detailing its position, two senior sources in the party said, adding more details would be made public in due course.
The IMF has yet to receive the letter, the lender said in an email to Reuters.

Last week, the IMF declined to comment on the country’s political situation after Imran’s aides said they would urge the lender to call for an independent audit of Pakistan’s disputed February 8 elections before engaging in further talks with Islamabad.

Sohail Ahmed of Karachi-based Topline securities said the letter was unlikely to have a major market impact. “The IMF will do its own due diligence,” he said.

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