Pakistan Seeks Deferred Payment Plan for Qatari LNG

Pakistan Seeks Deferred Payment Plan for Qatari LNG

Finance Minister Miftah Ismail said on Saturday that Pakistan will seek a deferred payment plan for liquefied natural gas (LNG) bought under long-term deals with Qatar as the nation's economy continues to stay in the doldrums while it awaits IMF funds amid falling foreign currency reserves.

"We've talked about a deferred payment plan ... or at least I've requested this ... and [Pakistan's] petroleum minister is doing negotiations and is going to do the talks," Dawn reported, quoting Ismail.

Pakistan awaits IMF funds, as the country is faced with falling foreign exchange reserves which is only enough for less than 45 days of imports, and a huge current account deficit -- w