KARACHI, Feb 26 (AFP): The International Monetary Fund today praised Pakistan and noted initial success in stabilising its crisis-hit economy, in the first review of a 7.6 billion dollar line of credit.
"The (IMF's) mission is impressed by authorities' strong resolve to sustain prudent macroeconomic policies, strengthen and broaden the social safety net, and pursue reforms to enhance medium-term growth prospects," it said.
"The resolve of the Pakistani authorities, as well as the initial success in stabilizing the economy, augurs well for the future, despite the risks associated with the deterioration in the global economy," it added.
IMF praises Pakistan in first loan review
FE Team | Published: February 27, 2009 00:00:00 | Updated: February 01, 2018 00:00:00
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