Pakistan, which opted out of an extension of a three-year IMF $11 billion emergency loan programme that ended in September, will meet International Monetary Fund officials from November 9-16 to review the economy, a Finance Ministry source said on Friday.
“We will meet with IMF in Dubai for article IV consultations,” the official said, referring to annual talks the fund holds with each member government to assess the health of the economy.
Pakistan opted out of both the extension of the $11 billion loan programme and a new loan programme, saying it had no balance of payments crisis.
Analysts say the government is taking the risky move of choosing short-term political gain over long-term economic stability.
Pakistan’s current account deficit in the first three months of the 2011/12 fiscal year widened to $1.209 billion from $597 million in the same period last year.