Karachi - Pakistan's central bank on Thursday said it was working closely with the government to restore economic stability amid rising rumours that the country might default soon on loans from its international creditors.
"The federal government and the central bank are working in tandem to restore macroeconomic stability," Shamshad Akhter, the governor of State Bank of Pakistan, said in an unscheduled statement.
Akhter blamed the prolonged political instability and rising international fuel and commodities prices for the country's financial difficulties.