State Bank of Pakistan Governor Jameel Ahmad said the country’s economy will remain in recovery and stabilisation for the next two years. He emphasized that Pakistan will avoid pursuing unsustainable high growth under current conditions. Ahmad said the government and SBP policies will decide if the ongoing $7 billion IMF loan program will be Pakistan’s […]
IMF loan
Dollar to PKR: Rupee gains against dollar as IMF approves loan disbursement
Rupee gains against dollar as IMF approves loan disbursement. The executive board of the International Monetary Fund (IMF) on Monday approved the much-anticipated bailout programme for Islamabad which caused the Pakistani rupee to appreciate versus the US dollar on Tuesday during intraday trade. In intraday activity on the interbank market, the rupee strengthened by 2.42 […]
COAS Bajwa discusses IMF programme with UAE, Saudi authorities
The Chief of Army Staff General Qamar Javed Bajwa, reportedly spoke on the IMF loan programme with Saudi Arabia’s and United Arab Emirates’ authorities. According to reports, the loan programme from the International Monetary Fund was discussed, and Pakistan is soon to see positive development. It comes days after General Bajwa reportedly pleaded with Washington […]
Controlling inflation
In the wake of endless criticism over inability to manage the country’s economic affairs, the Pakistan Tehreek-e-Insaf(PTI) government has resorted to breaking up the cartels which control the prices of essential goods, particularly food items. According to a statement issued by the Finance Ministry, Laws are to be reviewed in order to ensure that price […]