IMF ‘flexible’ as Pakistan seeks concessions after flood losses, minister says

ISLAMABAD: Pakistan has approached the International Monetary Fund (IMF) for concessions in meeting the lender’s targets after devastating monsoon floods caused an estimated $1.31 billion (Rs370 billion) damage nationwide, National Food Security Minister Rana Tanveer Hussain said on Thursday, adding the global lender has been “flexible” with regard to the crop, livestock and infrastructure losses.

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