Agreement on the draft staff level agreement with the IMF will be signed next week

Agreement on the draft staff level agreement with the IMF will be signed next week

Pakistan will have to bring foreign exchange reserves equal to 2 months of imports by June 30 and arrange a loan of 10 billion dollars from international institutions. Photo: File Islamabad: Pakistan and the International Monetary Fund (IMF) have agreed in principle on the Memorandum of Economic and Financial Policies (MEFP) and draft agreement at…

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Fiscally irresponsible, Pakistan can lose foreign investment

Fiscally irresponsible, Pakistan can lose foreign investment

The IMF wants a major adjustment in interest rates to ease inflationary pressures. Photo: File Islamabad: Pakistan needs to implement long-term economic stability policies. Any attempt to boost sluggish economic growth through fiscal policies will immediately run afoul of the International Monetary Fund and regional countries, all of which now want to see Pakistan as…

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