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The IMF projected a widening of Pakistan's budget deficit in fiscal 2011/12 to 7 percent of gross domestic product, much higher than the government's revised budget target of 4.7 percent. It said central bank financing of the budget needs to be curtailed. "Unless there are measures taken to rein in the fiscal deficit and the monetary policy tightening that is probably needed right now, pressures on the rupee could continue," IMF mission chief to Pakistan Adnan Mazarei told a conference call.