Pakistan's economy at ‘critical juncture’, needs bold reforms: IMF

Pakistan currently has a currency reserve of less than $8 billion -- enough to cover only 1.7 months of imports.

Pak economic growth expected to hit 3.3 pc, well below target of 6.3 pc: Survey

Survey indicates that livestock is the only sector whose growth went little above official target while all other sectors performed poorly.

The G20 meetings provide a forum for key countries in international financial system to discuss major international economic issues.

"The IMF looks forward to working with Prime Minister Modi's new government," IMF spokesperson Gerry Rice said.

In the previous week, the reserves had risen by USD 1.368 billion to reach USD 420.055 billion.

In the previous week, the reserves had increased by USD 171.9 million to USD 418.687 billion.

The head of the International Monetary Fund said that fresh trade tensions between the US and China were a threat to the world economy.

Pakistan and the IMF are set to sign a USD 6-8 billion bailout package, Finance Minister Asad Umar has announced.

The IMF's bailout package to Pakistan could be delayed as both sides are still engaged in an intense conversation to finalise the agreement.

a trade standoff between the United States and China threatens to dim the economic outlook.