IMF says Pakistan's economy is stabilising.

NEW YORK -- The International Monetary Fund (IMF) on Tuesday said economy of Pakistan is improving due to steps taken by Islamabad in line with the programme, media reported.

'Pakistan has took collective steps to uplift ailing economy', the mission chief of the IMF said in his review report.

Pakistan has been urged for structural reforms as this will not help in coming out of boom and bust cycle. The current account deficit is also narrowing.

The government has increased funds for the Benazir Income Support Programme (BISP), though growth is slow at the time, but it is based on the assumptions.

The IMF mission chief further added that the confidence of the investors is restored in Pakistani economy due to steps taken by the incumbent government.

He said majority of the targets of the programme have been achieved including...

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