IMF To Meet on Pak Aid Today

KARACHI: The International Monetary Fund will undertake the third review on Pakistan economy for approval of the fourth installment of $1.20 billion today.

The Fund is sure to approve the fourth installment as Pakistan has met all the requirements of the IMF such as removal of subsidies on electricity and other sectors as well as a tightened monetary policy being carried out by the State Bank of Pakistan.

IMF has recommended tightening of the monetary policy to carry on a higher interest rate in view of higher inflation rate, which IMF feels adversely, affects the poor.