Washington-based International Monetary Fund (IMF) claimed that the Islamic state Pakistan is facing significant economic challenges these days due to it's unbalanced and weak economic growth. To overcome the same it needs to start up with a few ambitious and bold reforms that would if do not much, but improve the country's economic status. The state currently has a currency reserve of less than $8 billion amount enough to cover only 1.7 months of it's imports. The global lender had recently approved the state with the formal loan of $6 billion.

First Deputy Managing Director and Acting Chair of the IMF Executive Board David Lipton in his statement said that Pakistan requires a strong commitment by the provinces to support the consolidation effort and effective public financial management to improve the quality and efficiency of public spending. Lipton also said that economic and financial stability of the country could be at risk without urgent policy action.

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