Pakistan repaid $144.5m to IMF

November 12th, 201210:58 pm

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Despite of the depressive economic situation of the country, the government of Pakistan paid a total of $ 144.5 last weak on October, according to official Pakistan has to pay back a total of $ 534.4 million during on going month.

The direct impact of this would be the pressure on the exchange reserves. According to the agreement between International Monetary Fund and Pakistan, Pakistan will repay its obtained $ 7.6 billion by the end of fiscal year 2014-2015.

Pakistan needs better economists rather than better politicians.