February 09, 2023 (MLN): Amidst positivity on the IMF front as the agreement between the country and fund could be reached anytime soon, the Pakistani rupee (PKR) has gained over six rupees against the US dollar in the interbank market compared to the previous close of PKR 273.33 per USD.
The local unit was quoted at PKR 268/270 [10:28 PST] with the trades being reported at 267 per USD while in the open market, PKR is being traded at 267/271 per USD.
Meanwhile, Prime Minister Shehbaz Shareef on Wednesday assured the IMF delegation of the complete implementation of the program and progress towards goals.
PM held a meeting with the IMF delegation, led by the Minister of Finance and the Private Secretary of the Ministry of Finance wherein the current economic situation was discussed.
The government is working hard to reach an agreement with the IMF while minimizing the burden on the common people. To achieve this, the government has already received approval from the Prime Minister on the decisions made during the negotiations with the IMF, Minister of State for Finance, Ayesha Ghaus Pasha said.
According to the Minister, the government plans to put a higher burden of electricity tariffs and taxes on the rich rather than on the common people. The government is trying to ensure that the new measures will have a minimum impact on the general population.
The IMF agreement is crucial for Pakistan, and negotiations with the IMF are now entering their final stages. The IMF mission is set to meet with Finance Minister Ishaq Dar to clarify a few remaining issues, she informed.
The government's efforts to reach an agreement with the IMF while minimizing the impact on the common people show its commitment to promoting financial stability and ensuring the well-being of its citizens.
