Pakistan Rupee Stable For Now, But IMF Loan Sought to Bolster Economy and Manage Growing Deficits

• Rupee likely to remain stable till end of current fiscal year in June, but may face pressure in next fiscal year due to increased imports and dollar demand • Government seeking fresh, larger IMF loan of at least $8 billion to boost growth • Country's current account deficit reduced from $6 billion to $2 billion • Pakistan successfully completed IMF review to get last $1.1 billion tranche of $3 billion loan • Pakistan offering $300 million in Panda bonds; sovereign bonds rallied on news of successful IMF review