05-12-2009, 10:20 AM
<b>IMF relaxes Pakistanâs budget deficit target </b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->WASHINGTON: The International Monetary Fund announced on Monday a preliminary agreement to raise the budget deficit target Pakistan must meet to take advantage of international aid.
Following a meeting with Pakistani authorities in Dubai over the past week to discuss the IMFâs $7.6 billion standby agreement with the country, the IMF agreed to raise the deficit target for fiscal year 2009-2010 to 4.6 per cent of gross domestic product from 3.4 per cent.
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Following a meeting with Pakistani authorities in Dubai over the past week to discuss the IMFâs $7.6 billion standby agreement with the country, the IMF agreed to raise the deficit target for fiscal year 2009-2010 to 4.6 per cent of gross domestic product from 3.4 per cent.
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