Pakistan about to request funds from IMF

October 23rd, 2008 by The Online Reporter

Dominique Strauss-Kahn, Managing Director of the IMF addressed that Pakistan has made a formal request to the International Monetary Fund for cash assistance to help it overcome the current economic crisis, but on the other side financial advisor to the Prime Minister Shaukat Tarin told a press conference that “We have not formally requested the board of IMF for a facility as of now”.
Pakistan needs $3.5 to $4.5 billion in foreign exchange over the next 30 days to over-come this economic crisis. Governor State Bank Dr. Shamshad Akhtar has left for Dubai where she will have a meeting with IMF authorities.