Islamabad: The Federation of Pakistan Chambers of Commerce and Industry has welcomed the agreement with the IMF. FPCCI President Irfan Iqbal Shaikh says that the agreement with the IMF is a big gift for the stability of the country’s economy, this agreement will determine the right direction of the country’s economy. He said that he…
—File photo Like Sri Lanka, there is a strong possibility that the rupee will stabilize in Pakistan. According to the data, the Sri Lankan rupee has gradually improved by 60 rupees against the dollar since the agreement with the IMF. Before the agreement, 1 dollar was equal to 368 Sri Lankan rupees, after the agreement,…
Pakistan’s Eurobond became expensive after the agreement with the International Monetary Fund (IMF). The $1 billion Eurobond maturing in April 2024 rose 16 cents to 71 cents. The $500 million Eurobond maturing in September 2025 rose 13 cents to 55 cents. From October 2022, the value of Pakistani bonds has increased by 70 to 80…
—File photo In view of the terms of Pakistan’s agreement with the International Monetary Fund (IMF), preparations are being made for further increase in electricity rates. According to the sources of the Ministry of Finance, as a result of this agreement, electricity and gas will become more expensive, while there is a possibility of an…
—File photo Economist Khaqan Najib has said that we will have to do another program with the International Monetary Fund (IMF). Commenting on the agreement between the International Monetary Fund (IMF) and Pakistan, Khaqan Najeeb said that 1 billion dollars will come from the IMF in July, the short-term pressure on reserves will end. He…
Prime Minister Shahbaz Sharif – file photo The staff level agreement between Pakistan and the International Monetary Fund (IMF) was made possible through the efforts of Prime Minister Shahbaz Sharif. Prime Minister Shehbaz Sharif had 3 meetings and contacts with IMF leadership in Paris in 2 days, Prime Minister also had meetings with MDIMF in…
—File photo 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…
President Bank of Punjab Zafar Masood—File photo President Bank of Punjab Zafar Masood has said that There is good news from the International Monetary Fund (IMF) which will bring relief to the nation. Zafar Masood has expressed his happiness over Pakistan’s staff level agreement with the IMF and said that not only Pakistan but the…
—File photo The International Monetary Fund (IMF) has said that Pakistan will have to show more fiscal discipline. The IMF has issued a statement on the Standby Arrangement Agreement with Pakistan, in which it is said that Pakistan has taken several steps recently, in the recent budget measures have been taken to increase revenue and…
Malik Bustan—File photo 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…
