Pakistan cbank says govt must meet IMF terms

Pakistan's central bank warned the government on Monday that it must strictly implement tough conditions set under an International Monetary Fund loan programme to avert a balance of payment crisis.

The State Bank of Pakistan said in a report on the economy in the first July-September quarter of this fiscal year that the government must contain a fiscal deficit at a targeted 5.2% and avoid non-concessional external borrowings.

The central bank said the costs to meet IMF terms would include

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