KARACHI (AFP) - The economists on Saturday said an additional 3.2 billion dollar loan from the IMF would have little impact on the economic problems facing the country. The International Monetary Fund on Friday said it had approved an additional 3.2 billion dollar loan to Pakistan after it asked for more help to weather the global economic crisis. The IMF said the extra funds for its Pakistan loan programme would help the country address increased balance of payment needs and raise the total loan to 11.3 billion dollars. Independent economists said it wasnt enough to solve Pakistans economic woes though. It is just a temporary relief for our economy given the fact that we have to return the loan in a brief two-year period while our economy needs a decade or so to attain stability, economist A B Shahid told AFP. He noted that the Pakistani rupee has already depreciated against the dollar by about a third in the last 18 months and continues to dwindle. The SBP says total liquid foreign reserves currently held by the country stand at 11.71 billion dollars. They dipped to around six billion dollars last year, triggering a balance of payment crisis and forcing Islamabad to seek the IMFs help. The IMF has already given Pakistan four billion dollars from the 7.6 billion dollar Stand-By Arrangement agreed in November. Mohammed Sohail, chief of Topline Securities, said the IMFs additional loan would support external account problems. This will provide the much needed support to Pakistans external accounts which came under pressure due to a slowdown in exports and foreign investment, he said, adding that he expected the countrys foreign exchange reserves to stabilise at between 12 and 13 billion dollars. Sohail said that though some stability was expected in the currency market in the short run, the rupee would remain vulnerable to external flows because of the global recession. He added that news of the extra money would likely help the equity market, currently the most under-performing one in Asia, to rise above the key 8,000 point level. Economist Rauf Nizamani said the IMFs loan actually risked creating new challenges for the government and the country as a whole, by forcing it to withdraw subsidies for utilities. Islamabad will find itself sandwiched between its people and the IMF if it withdraws subsidies on oil, gas and power as per (the) IMFs guidelines, he said, adding that this could create political unrest. The country approached the IMF last year for the rescue package as it grappled with a 30-year high inflation rate and fast-depleting reserves that were barely enough to cover nine weeks of import bills.