The International Monetary Fund (IMF) has urged Pakistan to bring its current account deficit under control, an official said, as the new government seeks an increase in the size and duration of the current IMF program. Pakistan’s current account deficit increased to $13.2 billion in the nine months of the current fiscal year from a gap of $275 million a year earlier on the back of soaring oil import costs, official data showed.
Jihad Azour, director of IMF’s Middle East and Central Asia Department, told that the fund’s team will assess the policy priorities of the new government and the economic impact in the context of the war in Ukraine.
