3:55 AM
McGhori
WASHINGTON: The outlook for Pakistan’s economy for the current year ending June 2012 is “challenging,” with global investors more risk averse, the IMF said on Tuesday, adding that ongoing security concerns are likely to limit capital inflows.
The country’s authorities have expressed commitment to implement reforms in an attempt to enhance growth and create jobs, the International Monetary Fund said in a statement after discussions with Pakistani officials.
The meeting was part of an annual economic discussion between the International Monetary Fund and Pakistan, whose $11 billion IMF loan programme ended in September after the country failed to meet fiscal and other targets.
Pakistan’s current account deficit stood at a provisional...
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