Pakistan's Imran Khan set to seek £9bn bailout from International Monetary Fund

Pakistan's Imran Khan set to seek £9bn bailout from International Monetary Fund

Pakistan's Imran Khan set to seek £9bn bailout from International Monetary Fund

Khan's party on Sunday announced that it is trying to reach out to smaller parties and independents to form the next government.

"Pakistan ke saath taaluqaat mein naye daur ka aaghaaz par taiyaar hain - Bharatiya vazeer e azam (We are ready for the beginning of a new era in relations with Pakistan - Indian prime minister)", said the PTI press note.

Geelani expressed hope that elections in Pakistan would lead to a stable government in the country saying all religious and political organisations should work together.

As Pakistan held its election on July 25, former cricket hero Imran Khan's PTI has emerged victorious with the most number of seats in Parliament.

Other than the parties, 13 independent candidates also won their seats. "The worst kind of irregularities have been committed, which are unprecedented", party leader Shahbaz Sharif said.

Khan's confidante Jehangir Khan Tarin, who has been tasked to contact independent candidates, talked with Muttahidda Qaumi Movement Pakistan (MQMP) leader Khalid Maqbool Siddiqui who later refused to attend a multi-party meeting which rejected the election results.


Beyond forming a government, Khan's most pressing concern is addressing Pakistan's rapidly deteriorating finances and many investors and analysts expect a bailout from China or the International Monetary Fund is inevitable.

Khan, during a speech declaring victory on Thursday, offered to investigate opposition allegations of vote-rigging and said he wanted to "unite" the country under his leadership.

The EU Election Observation Mission, in its preliminary findings, said the electoral process was "not as good" as the 2013 election and campaign week featured a "lack of equality" that meant it was not a level playing field for all parties. They condemned the interference of "state agencies" in the election, a veiled reference to the military and intelligence apparatus. In Pakistan, which is on the cusp of having only its second peaceful civilian transfer of power, that doesn't usually happen.

"There will be protests", said Maulana Fazalur Rehman from the All Parties Conference, which included the outgoing ruling party, the Pakistan Muslim League-Nawaz (PML-N).

A senior leader of the PPP said so far they had not finalised any strategy for the elections of key parliamentary offices.

"PML-N is a peaceful national political party and fear & intimidation can't suppress our rights", Sharif tweeted. A party can only form the government if it manages to secure 172 seats in total.

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