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Pakistan facing 'significant economic challenges': IMF

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Cash-strapped Pakistan, which currently has a currency reserve of less than $8 billion — enough to cover only 1.7 months of imports — approached the Washington-based International Monetary Fund (IMF) in August 2018 for a bailout package after the Imran Khan government took over. The global lender last week formally approved the $6 billion loan to Pakistan, which is facing "significant" economic challenges on the back of "large" fiscal and financial needs and "weak and unbalanced" growth.

from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/32h32oY

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