ISLAMABAD – Pakistan and IMF are near inking $10 billion bailout deal,sources have revealed.
Finance Minister Asad Umar said on Wednesday that Pakistan is close toreaching an agreement with the International Monetary Fund (IMF).
Asad Umar briefed National Assembly Standing Committee on Finance about thecountry’s ecnomical situation.
He told that IMF plans to increase the dollar rate but government won’ttake such measures. The minister maintained that that talks with IMF are inprogress while the differences have reduced.
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He apprised the committee that IMF demands to reduce the losses ofelectricty and gas. Asad Umar explained that there is no plan to increasethe rate of dollar as the economy is stable.
He told Committee that IMF has given them some targets following whichbanned organizations have been risked from medium to higher level on theirrecommendation.
