Pakistan, April 20 -- Pakistan has formally requested the International Monetary Fund (IMF) for a new bailout package, aiming for a sum between $6 to $8 billion under the Extended Fund Facility (EFF). The potential inclusion of climate financing could augment this amount, as reported by The News on Saturday.

However, the precise size and timeline of the bailout will only be finalized once a consensus is reached on the key aspects of the program, expected to occur in May 2024.

Efforts to reach out to members of the Pakistani delegation, currently attending the annual spring meetings of the IMF/World Bank in Washington, yielded no response at the time of filing this report.

Pakistan has expressed its desire for an IMF review mission to b...