April 12 (Reuters) - Pakistan's central bank said on Friday
is was leaving its key policy rate unchanged at 9.5 percent.
The State Bank of Pakistan said it faced two main challenges
in reaching a policy decision: "to manage the balance of payment
position and to contain the possible increase in inflation."
"The balance of payments position continues to be driven by
low financial inflows and high debt payments," said the central
"A cumulative net capital and financial inflow of $34
million during July - February, FY13 is insufficient to finance
the external current account deficit of $700 million for the
The Asian Development Bank, one of Pakistan's biggest
lenders, has said the country faces a serious balance of
payments situation and may have to turn to the IMF again to
avert a crisis.
(Created by Michael Georgy; Editing by Nick Macfie)