Pakistan to seek larger IMF bailout package of over $8 billion

Cash-strapped Pakistan is set to formally request a bailout package from the International Monetary Fund (IMF) through the Extended Fund Facility (EFF). Reports suggest Islamabad may seek over 8 billion US dollars during the upcoming IMF/World Bank spring meetings in Washington, DC, from April 15 to 20. It is expected that Pakistan may request for enhanced quota like it did in 2008.