The International Monetary Fund- IMF has warned that Pakistan is facing a challenging economic environment and decisive policies and reforms are needed to stabilise the economy.<br />''<br />''<br />''IMF reached a deal on Sunday with the cash-strapped government of Prime Minister Imran Khan on a USD 6 billion bailout to ward off a financial crisis.<br />''<br />''The funding, which still needs approval from the International Monetary Fund's management, would be provided over three years.<br />''<br />''<span style="color: #222222;">Pakistan is facing an economic crisis with short supplies of foreign currency reserves and stagnating growth. In February, its central bank had the only USD 8 billion left in foreign reserves.</span><br />
News On AIR | May 14, 2019 8:05 AM
Pakistan needs decisive policies to stabilise economic environment: IMF