(MENAFN) Pakistan's economic reform program maintains broadly on track, The International Monetary Fund (IMF) said, but warned from rising inflation, Arab News reported.
The country has received an IMF package of USD6.7 billion in 2013 in order to help the country achieve economic reform, especially to its suffering energy sector.
Pakistan's inflation rate currently stands at 9.2 percent, but the IMF wants Pakistan to "target an additional reduction in inflation toward their medium-term goal of 6-7 percent in the next fiscal year," which starts on July 1.
"The IMF is encouraged by the overall progress made in pushing ahead with policies to strengthen macroeconomic stability and reviving investment and growth," the fund's mission chief for Pakistan said in a statement.
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