IMF highlights ‘Gulf exposure’ as biggest external risk for Pakistan

ISLAMABAD: Following the release of a $1.1 billion tranche for Pakistan, the International Monetary Fund (IMF) has identified Pakistan’s economic exposure to the Gulf Coope­ration Council (GCC) as its most acute external vulnerability. In its staff report, the lender warned that “the war weighs on the near-term outlook as Pakistan is highly exposed to energy imports and remittances from the Gulf countries as well as to global financial conditions”. According to the report, 81 per cent of Paki...

By none@none.com (Dawn Report)