Pak’s economic stability could be reversed, says IMF

Pakistan’s macroeconomic stability earned in the past three years could be undermined if the country fails to continue with its reforms, the IMF has warned, amid the political tension over the Panama Papers leaks case.

Resident representative of the International Monetary Fund to Pakistan Tokhir Mirzoev said the stability needed to be used to make the gains achieved through it more permanent.

He cautioned that the present trends could undermine macroeconomic stability “if the reforms do not continue”. He said the key trends were widening of the current account deficit and a still vulnerable fiscal framework.