ISLAMABAD -- Faced with a dim economic outlook, Prime Minister Imran Khan assured the nation Wednesday (October 10) that he would repair Pakistan's economy and take it out of the current "difficult time", Dawn reported Wednesday.
Addressing the launch of a housing programme, Khan said that he would present a road map of steps to stabilise the economy.
Pakistan has an estimated $18 billion (Rs. 2.2 trillion) current account deficit, said Khan, adding that it needs an emergency bailout of $10 billion to $12 billion (Rs. 1.2 trillion to 1.5 trillion). The currency's exchange rate plummeted by more than 7% recently.
The government plans to request a loan from the International Monetary Fund.