PM Imran Khan leaves for Malaysia; likely to seek monetary aid

Press Trust of India  |  Islamabad 

Tuesday left for on a two-day official visit to where he is likely to seek monetary assistance to minimise the cash-strapped Pakistan's dependence on an IMF package.

This is Khan's first bilateral visit to after assuming office in August.

Khan and his Malaysian counterpart will have a tete-a-tete, followed by the delegation-level talks, the said.

The two countries enjoy warm brotherly relations founded in mutual respect friendship and understanding reinforced by strong cultural and religious affinities, the said in a statement last week.

Khan's visit "would provide an opportunity to further the existing friendly and cordial bilateral relations by enhancing economic, trade and commercial ties, for our mutual benefit," the statement said.

was facing a USD 12 billion financing gap for the current fiscal year.

The government is keen to minimise the amount borrowed from the by getting loans from "friendly" countries like Saudi Arabia, and as officials here believe that the global lender could attach tough conditions.

On Sunday, Khan visited the UAE where he held talks with the of and discussed matters of bilateral, regional and mutual interest, amid reports that the Gulf country is ready to extend financial assistance to Pakistan.

Early this month, Prime Minister Khan visited China, which reportedly agreed to provide USD 6 billion in aid to Pakistan.

Last month, said it would provide Pakistan with a USD 6 billion rescue package during Khan's visit to the Gulf Kingdom.

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

First Published: Tue, November 20 2018. 18:25 IST