Pakistan facing ‘significant economic challenges’, economy at critical juncture: IMF
Pakistan is facing “significant economic challenges” due to a weak and unbalanced growth and that its economy is at a critical juncture where it needs an ambitious and bold set of reforms, the IMF has said.Cash-strapped Pakistan, which currently has a currency reserve of less than USD 8 billion — enough to cover only 1.7 months of imports — approached the Washington-based International Monetary Fund (IMF) in August 2018 for a bailout package after the Imran Khan government took over.The global lender last week formally approved the USD 6 billion…
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