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IMF team

Pakistan holds first round of talks with IMF team on possible bailout package

ISLAMABAD: An International Monetary Fund (IMF) team on Wednesday held the first round of talks on a possible IMF bailout, even as Pakistan insisted it had solved its immediate balance of payments crisis. The talks were held in Islamabad between the IMF delegation and officials of the finance ministry on a "technical level". The government shared Pakistan's economic data with the IMF. The Fund has suggested Pakistan to cut its expenditures and increase tax returns. Sources said the talks would continue for two weeks.…