Pakistan faces great economic challenges, immediate steps needed for stability


International Monetary Fund (IMF) said Pakistan faces difficult economic challenges and the authorities need to begin taking necessary actions to stabilize the economy and lay groundwork for future growth. Responding to a question, IMF Mission Chief Jeffrey Franks said on Wednesday that the IMF had had fruitful discussions with the Pakistan delegation led by Finance Adviser to the prime minister Dr Shahid Amjad Chaudhry and State Bank of Pakisrab (SBP) Governor Yaseen Anwar during their recent IMF and World Bank ‘spring meetings’.
Jeffrey however said IMF has not received a formal request from Pakistan for a programme to extend loan to the country.