1. IMF chief Lagarde says Pakistan has ‘moment of opportunity’ on economy

IMF chief Lagarde says Pakistan has ‘moment of opportunity’ on economy

Pakistan last month received the last payment of a $6.7 billion bailout package that helped it stave off default in 2013.

By: | Islamabad | Published: October 24, 2016 9:30 PM
International Monetary Fund head Christine Lagarde. (Reuters) International Monetary Fund head Christine Lagarde. (Reuters)

International Monetary Fund head Christine Lagarde on Monday urged Pakistan to seize a “moment of opportunity” to continue reforms and reduce public debt after successfully completing a three-year programme with the global fund.

Pakistan last month received the last payment of a $6.7 billion bailout package that helped it stave off default in 2013. It marks the first time Pakistan has completed an IMF programme after abandoning 11 others in the past.

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