Published On: Wed, Jan 8th, 2014
Published in Category: Business

Wave of terrorism dangerous for Pak economy: IMF

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ISLAMABAD: The International Monetary Fund (IMF) has released its report on the state of Pakistan’s economy.

The report highlights that Pakistan’s economy will remain under pressure from external payments in 2014.

According to the report, the wave of terrorism in Pakistan is dangerous for the country’s economy. The report states that incidents of sectarian violence are harmful.

The IMF adds that it is not possible for Pakistan’s exports to grow rapidly, while the rupee depreciated at a rate of 6.6 percent against the dollar in 2013.

The report further adds that Pakistan’s financial policies will improve in line with the independence of the State Bank.