Pakistan may seek IMF financial assistance: SBP

KARACHI: In an interview to ‘The Wall Street Journal’ State Bank Governor Yaseen Anwar said that Pakistan may have to return to the International Monetary Fund (IMF) for financial assistance amid a unstable macroeconomic situation.

Anwar said that Pakistan could meet its overseas debt obligations for now but looming payments to the IMF from a program that ended last year are likely to test the nation’s finances in the months ahead.

According to Anwar, the government’s failure to get the budget and trade deficit under control could make meeting the over $4 billion in IMF loans due in the fiscal year starting June 1 difficult.