Pompeo warns against IMF bailout that pays off Chinese lenders


WASHINGTON: US Secretary of State Mike Pompeo warned on Monday that any potential International Monetary Fund bailout (IMF) for Pakistan’s new government should not provide funds to pay off Chinese lenders.

In an interview with CNBC television, Pompeo said the United States looked forward to engagement with the new government of Pakistan’s expected new prime minister, Imran Khan, but said there was “no rationale” for a bailout that pays off Chinese loans to Pakistan.

No further extension in tax amnesty scheme: FBR

“Make no mistake. We will be watching what the IMF does,” Pompeo said.

“There’s no rationale for IMF tax dollars, and associated with that American dollars that are part of the IMF funding, for those to go to bail out Chinese bondholders or China itself,” Pompeo said.

US, Pakistan reiterate resolve to restore bilateral ties

Pakistan and United States reiterated their resolve on Tuesday to restore their bilateral relationship.

This was noted during a meeting between Pakistan’s Ambassador to the United States Ali Jahangir and US Secretary of State James Mattis at Pentagon in Washington.

Jahangir and Mattis discussed matters related to restoration of bilateral ties between the two countries, while regional security in South Asia also came up during the course of the meeting.

Sources say senior US diplomat met Taliban representatives in Doha

  • Pentagon chief: talks with Russian counterpart possible

    Putin is 'ready' to travel to Washington, while Trump expresses he is 'open' to visiting Moscow

  • Iran adviser says US talks must include return to nuclear deal

    Trump open to meeting but without 'preconditions', while Iranian currency dwindles due to sanctions

  • As Pompeo heads to North Korea, State Department denies softening

    Pompeo lands in Japan for a brief stopover before flying to North Korea

    More in Business


    Original news : https://tribune.com.pk/story/1770089/3-pompeo-warns-imf-bailout-pakistan-aids-china/