Pakistan economy critical, facing major challenges due to weak growth: IMF
Pakistan economy critical, facing major challenges due to weak growth: IMF Cash-strapped Pakistan, which currently has a currency reserve of less than $8 billion, approached the Washington-based IMF in August 2018 for a bailout package International :- Pakistan is confronting “huge financial difficulties” due to a powerless and uneven development and that its economy is at a basic point where it needs an aspiring and intense arrangement of changes, the IMF has said. Destitute Pakistan, which as of now has a money hold of under $8 billion – enough to cover just 1.7 long periods of imports – moved toward the Washington-based International Monetary Fund (IMF) in August 2018 for a bailout bundle after the Imran Khan government dominated. The worldwide moneylender a week ago officially endorsed the $6 billion advance to Pakistan, which is confronting “noteworthy” monetary difficulties on the back of “enormous” financial and budgetary needs and “frail and lopsided” development...