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IMF will give $5 billion to Pakistan... | Print |  E-mail
Pakistan
Pakistan's top finance official says the country will receive at least $5 billion from the IMF within a month to avert a looming crisis. Shaukat Tareen says IMF officials have approved government plans to reduce Pakistan's yawning trade and budget deficits. Pakistan needs to top up its foreign currency reserves after a plunge undermined its currency and raised the prospect of default on its foreign debt. According to Tareen Pakistan need at least $5 billion.

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Last Updated ( Friday, 14 November 2008 02:28 )
 

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