WASHINGTON: Pakistan hasn’t requested International Monetary Fund (IMF) for any financial assistance program.

IMF Senior Advisor, David Holly, in a media briefing here, told this. He said that he has no information with him about IMF-Pakistan talks on any financial assistance program during the upcoming visit of Prime Minister, Yusuf Raza Gilani. He said that the Pakistan’s official foreign exchange reserves plummeting by $6.5 billion pegged at $7.77 billion, while Pakistan currency depreciated by 20 percent in the same period.

He said IMF was of the opinion that Pakistan needed to tighten its monetary policies for bringing down its external accounts’ deficits and added that the government should gradually abolish subsidies on energy and give up its dependence on loans from the Central Banks.