IMF paints bleak picture of Pakistan fund programme

The IMF assessment noted that Pakistan’s economic challenges were complex and multifaceted, and risks were exceptionally high. — Bloomberg

ISLAMABAD: Pakistan needs another International Monetary Fund (IMF) programme and support from other multilateral lenders beyond the coming election cycle and the ongoing standby arrangement, the lender says in a report.

“Resolving Pakistan’s structural challenges, including long-term balance of payments pressures, will require continued adjustments and creditor support beyond the current programme period,” the IMF said in a 120-page report analysing Pakistan’s macroeconomic outlook.