Pakistan Needs $13.4 bln External Financing: IMF

This news updete by geo.tv









KARACHI: Pakistan's gross external financing requirement for the 2008/09 (July-June) fiscal year is $13.4 billion, a senior International Monetary Fund (IMF) official said on Tuesday.

The IMF will provide $4.7 billion of that total, Juan Carlos di Tata, senior adviser in the IMF's Middle East and Central Asia Department, told a news conference.

The gross external financing requirement for the 2009/10 fiscal year is estimated at $12.2 billion, Tata said.

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