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Pakistan’s Khan Rejects PM Invite for Talks Amid IMF Negotiation

(Bloomberg) -- Pakistan’s opposition leader Imran Khan has rejected an offer from Prime Minister Shehbaz Sharif to attend a conference to discuss key national issues amid negotiations with the International Monetary Fund to avoid bankruptcy.

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Sharif has called an all-party conference on Feb. 7 to discuss economic and terrorism-related challenges, state-run Pakistan Television reported. Former Prime Minister Khan will not attend the conference, said his senior political party leader Asad Umar in Lahore.

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The South Asian nation is facing its worst economic crisis in decades with dollar reserves falling to $3.1 billion, enough for just a few weeks of imports. Sharif called the IMF’s conditions for unlocking more funds tough and “beyond imagination.” A team from the lender is visiting Pakistan until Feb. 9 to discuss the stalled loan program.

Sharif’s coalition toppled Khan as prime minister in a confidence vote last year. Khan has been protesting for early elections that are scheduled for sometime after August.

(Updates with Khan’s rejection in first paragraph.)

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