IMF deal likely to improve rupee value temporarily: Economist Mohammad Sohail

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Economist Muhammad Sohail says that after the agreement, the value of the rupee is likely to improve temporarily and the stock market will also have a positive impact.

Mohammad Sohail has said that this program is important because till now there was uncertainty about what will happen after June.

He said that there was an uncertain situation in which there was a risk of default but now this risk has been averted to a large extent.

Muhammad Sohail says that if the caretaker government makes reforms, it will be easier for the new government to sign an agreement with the IMF.

It should be noted that the International Monetary Fund (IMF) has signed a staff level agreement with Pakistan.

Pakistan and IMF have signed a stand-by arrangement agreement worth 3 billion dollars.

The International Monetary Fund says that a 9-month standby agreement has been reached with Pakistan.

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