<span style="color: #222222;">International Monetary Fund has said, Pakistan is facing significant economic challenges due to a weak and unbalanced growth adding that it needs an ambitious and bold set of reforms.<br />''<br />'' Cash-strapped Pakistan had approached the Washington-based International Monetary Fund (IMF) in August last year for a bailout package after the Imran Khan government took over. Currently, it has a currency reserve of less than 8 billion US Dollars, enough to cover only 1.7 months of imports.<br />''</span><br />'' <span style="color: #222222;">The global lender last week formally approved the 6 billion US Dollar loan to Pakistan, the 13th since the late 1980s.</span><br />'' <span style="color: #222222;">In an accompanying report, the IMF said that Pakistan's economy is at a critical juncture.<br />'' Pakistan has so far received billions in financial aid packages from friendly countries like China, Saudi Arabia and the UAE during the current fiscal year.<br />'' <br />'' </span><br />''<br />