Pakistan seeking our help to rescue economy: IMF

October 22nd, 2008 - 11:23 pm ICT by IANS  

Islamabad, Oct 22 (DPA) The International Monetary Fund (IMF) confirmed Wednesday that Pakistan had sought help to tackle the financial crisis the militancy-hit country is facing.”The Pakistani authorities have requested discussions with the IMF on an economic programme supported by financial assistance from the Fund to meet the balance of payments difficulties the country is experiencing as a result of high food and fuel prices and the global financial crisis,” said Dominique Strauss-Kahn, managing director of the IMF.

“A Fund mission will begin discussions with the authorities in the next few days on a programme aimed at strengthening economic stability and enhancing confidence in the financial system,” he added, according to a statement posted on the organisation’s website.

Tags: , , , , , , , , ,

Posted in Business |