IMF sees weak external position
Estimates financing needs at 22-25% of GDP, CAD at $4.5b against official $2.5b
The International Monetary Fund (IMF) said on Thursday that Pakistan's external financial position may weaken due to rising imports and moderating remittances, urging exchange rate flexibility to preserve foreign exchange reserves and tighter monetary policy to deal with rising inflation. The global lender made these observations in its Middle East and Central Asia region report, released on Thursday, a week after t...