ISLAMABAD: The International Monetary Fund (IMF) on Friday stated that Pakistan needs additional funding to make 9th review meeting a success. The IMF held a press conference, with spokesperson Julie Kozack addressing the media on Pakistan\u2019s current economic situation. Kozack emphasized the urgent need for funding to support Pakistan\u2019s balance of payments, stating that friendly countries need to provide assurances of funding to help the struggling nation. Kozack also welcomed any funding that friendly countries may offer to Pakistan. She further highlighted that additional funding is essential for the success of the 9th review, stressing the importance of continued support for Pakistan\u2019s economy. During the conference, the IMF spokesperson acknowledged that Pakistan\u2019s authorities are engaged in continuous efforts to revive the loan program. However, Kozack pointed out that the country is facing serious challenges in foreign currency payments, which is affecting its overall economic stability. DNA
\nKozack further added that Pakistan\u2019s economy has suffered significant losses from floods, compounding the country\u2019s existing financial woes. She also expressed concern over the sustainability of Pakistan\u2019s economy, stating that it cannot withstand further cuts in subsidies and taxes.
\nThe press conference concluded with the IMF spokesperson calling for urgent action to address Pakistan\u2019s economic challenges, urging friendly countries to step forward and provide the necessary funding and support to help the country overcome its financial difficulties.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD: The International Monetary Fund (IMF) on Friday stated that Pakistan needs additional funding to make 9th review meeting a success. The IMF held a press conference, with spokesperson Julie Kozack addressing the media on Pakistan\u2019s current economic situation. Kozack emphasized the urgent need for funding to support Pakistan\u2019s balance of payments, stating that friendly […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-330888","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-national"},"yoast_head":"\n