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Imran Khan’s desperate move to revive Pakistan’s economy

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The leader of Pakistan Tehreek-e-Insaf (PTI), Imran Khan, who aspires to regain power in August, has stated that he plans to seek assistance from the International Monetary Fund (IMF) and execute his “innovative strategy” for the economy.

In an interview with Bloomberg on Wednesday, the former prime minister, who was removed from office in April of last year through a vote of no-confidence, said that he “anticipates winning a majority when general elections are held” — which is expected to occur after August of this year.

The PTI chairman stated that he is devising a ‘revolutionary’ plan to bolster the weakening economy, which according to him, will be in even worse condition by the time of the election.

“If we attain power, we will have limited time,” the 70-year-old Khan said. When asked about returning to the IMF, he said: “We currently have no alternative.”

After the IMF suspended its loan payments to Pakistan, the country has been gradually approaching a debt default and its bond yields have risen to distressed levels.

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