national

May 9, 2019

Pakistan, IMF work out $10-$11 bn financing gap

ISLAMABAD: Pakistan and the IMF have worked out financing gap of $10 to $11 billion for the next financial year 2019-20 as the current account deficit is projected to curtail at $8 billion.The IMF usually pitched GDP growth and Current Account Deficit on lower side during the negotiation process. Initially the IMF was pitching the CAD at the range of $4 to $6 billion but now both sides have moved towards evolving consensus at $8 billion CAD for next fiscal year under the IMF programme.“The...