The government has decided to approach the International Monetary Fund (IMF) to deal with the prevalent financial crisis, according to Finance Minister Asad Umar.

“Talks with IMF would begin immediately after Prime Minister (PM) Imran Khan gives the go-ahead to do so,” said the finance minister in a video.

Asad Umar further said that the country was going through a tough time, which has been left behind by the previous government. “We have to find a way to get out of this difficult situation,” he added.

A Pakistani delegation, led by the finance minister, is scheduled to attend the annual meeting of IMF and World Bank in Bali, Indonesia this week, sources said.

According to sources within the Ministry of Finance, the delegation will leave for Bali on Monday, to attend the meeting taking place on the Indonesian island from October 12 to 14.