Chairman Businessman Group Zubair Motiwala has expressed his opinion on the agreement with the International Monetary Fund (IMF) and said that there is positive news at the beginning of the morning, it was not expected but the agreement was reached. The rupee will strengthen, which will reduce inflation.
In a statement, Zubair Motiwala said that if there was no agreement, I don’t know what would have happened if Pakistan defaulted or not, these were the questions.
He said that there is a 9-month agreement which is very positive, the caretaker government will remain in the facility, the IMF conditions have increased the cost of production.
Zubair Motiwala said that rupee will be strong which will reduce inflation, government will make payments to exporters when fiscal space is created.
Chairman Businessmen’s Group called the IMF deal a good overall development.
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