Imran Khan to implement 'radical plan' if returns to power.

ISLAMABAD -- Pakistan Tehreek-e-Insaf (PTI) PTI Chairman Imran Khan, who sees himself returning to power in August, has said that he would go back to the International Monetary Fund (IMF) and implement his 'radical plan' for the economy.

In an interview with Bloomberg on Wednesday, the deposed prime minister, who was ousted in April last year through a no-confidence motion, said that he "expects to win a majority when general elections are held" - which is likely to take place sometime after August this year.

The PTI chief said he "is preparing a 'radical' plan to strengthen the weakening economy which, according to him, would be in much worse shape by the time polls take place.

'If we get into power, we won't have much time,' the 70-year-old Khan said. To question about returning to the IMF, he said: 'We have no choice now.'

After the IMF held up its loan payments to Pakistan, the country was - in recent months - inching closer to a debt default and its bond yields drove towards distressed levels.

Prime Minister Shehbaz Sharif, who assumed office after Khan's ouster, remains cautious of the international money-lending institution's demands such as increasing taxes and energy prices.

Foreign exchange reserves of the country have fallen by half since October last year, leaving them inadequate for the payment of one month's imports.

Pakistan also reels from the devastating impact of flooding last summer, as well as bearing with the rising inflation rates.

A day earlier, the IMF requested additional information about the budget and other areas from Islamabad before beginning virtual negotiations, amid the country's urgent need to generate $10 billion in foreign loans for the remainder of the current fiscal year to prevent default.

Sharing his fears about the country moving towards a Sri Lanka-like default, Imran Khan said: "We will have to make policies like never before in our country."

He also aims to appoint former finance minister Senator Shaukat...