Pakistan will not seek IMF programme

Pakistan will not seek IMF programme
Updated on

Summary Pakistan has enough foreign exchange reserves and will not seek IMF programme, an official said.

Pakistan will not seek a new International Monetary Fund (IMF) programme, nor will it ask for an extension of the current one due to end on Sept. 30, because it has no balance of payments crisis and has enough foreign exchange reserves, a finance ministry official told Reuters on Sunday.Pakistan is due to meet with IMF officials during the World Bank and IMF annual meeting in Washington from Sept. 23-25.

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