Pakistan may go for IMF assistance: Governor SBP

Pakistan may go for IMF assistance: Governor SBP

Karachi: (Tuesday, May 29, 2012) Yaseen Anwar, Governor State Bank of Pakistan, in an interview to ‘The Wall Street Journal’ said today that Pakistan may have to return back to the International Monetary Fund (IMF) finance assistance
to cope with its persistently unsustainable macroeconomic situation.

Anwar was of the view that though Pakistan could meet its overseas debt obligations for now, however, looming payments to the IMF from a program that ended last year are likely to test the nation’s finances in the coming months.

To the governor state bank of Pakistan, the government’s failure to control the budget and trade deficit could make meeting the over $ 4 billion target in IMF loans due in the coming fiscal year difficult.

Short URL: https://www.newspakistan.pk/?p=23934

Posted by Fayyaz Yaseen on May 29 2012. Filed under Business, Pakistan. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry