IMF: Pakistan economy improving, reform on track

February 9, 2014 • Business

Pakistani child, Saddam Patang, 2, cries while sitting on a wooden cart as he awaits his father outside their home on the outskirts of Islamabad, Pakistan, Friday, Feb. 7, 2014. Saddam’s father, mother and his grandparents fled their home from Pakistan’s tribal region of Mohmand Agency eight year ago due to fighting between the Taliban and the army and took refuge in Islamabad. (AP Photo/Muhammed Muheisen)

DUBAI, United Arab Emirates (AP) — The International Monetary Fund said Sunday that Pakistan has met nearly all of its quantitative performance markers, that its economy is showing signs of improvement and that its reform program remains broadly on track.

The nuclear-armed nation of 180 million people faces a host of obstacles as it tries to restructure its economy and buoy its dangerously low foreign currency reserves, which stand at $8.3 billion. While trying to reel back expenditures and reorganize steep subsidy bills, officials say it is essential that economic reforms do not hurt the millions of Pakistanis who Login to read more

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