President of Forex Association of Pakistan Malik Muhammad Bostan has said that If the markets will open, the dollar rate will drop by 5 to 10 rupees immediately.
Malik Bustan has said in his latest statement that the agreement with the IMF is very good news on Eid.
The President of Forex Association of Pakistan further said that Pakistan has to fulfill its agreements.
Malik Bustan has also said that the closed doors have been opened by receiving funds, foreign exchange will increase.
On the other hand, the economic expert Shahid Ali has said that the inflation rate will start to decrease after the agreement with the International Monetary Fund (IMF).
Economic expert Shahid Ali has expressed his happiness over Pakistan’s staff level agreement with the IMF, saying that this agreement is a very positive development.
He further says that we should try for current account surplus, import should be opened.
It should be noted that the International Monetary Fund (IMF) has signed a staff level agreement with Pakistan.
Pakistan and IMF have signed an agreement for 3 billion dollars standby arrangement.
The International Monetary Fund says that a 9-month standby agreement has been reached with Pakistan.
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