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Islamabad (POWER DAILY) Negotiations have ended, no agreement was reached between Pakistan and the IMF on the staff level. According to the report of “Dunya News”, the negotiations between Pakistan and the IMF have ended. The IMF delegation will visit America tomorrow. It is said that the agreement on the payment of employees between Pakistan and the IMF has not been reached.
According to sources in the Ministry of Finance, Pakistan and the International Monetary Fund have agreed on preliminary actions and measures, and the International Monetary Fund has asked for more time for this agreement. The staff-level agreement will be finalized after approval by Washington. Earlier, according to Geonews sources, the IMF delegation held a video meeting with Prime Minister Shehbaz Sharif at the Prime Minister’s House, where the IMF delegation informed about the negotiations with Pakistan.
Prime Minister Shahbaz Sharif is in Lahore, so the meeting was held through video link, Finance Minister Ishaq Dar was also present in the meeting. In this regard, the prime minister confirmed the issues resolved with the IMF. The Minister of Finance will inform the media about the details of the agreement. Earlier, Aisha Ghus, the Minister of State for Finance, said that the issues related to the repayment of the IMF loan have been resolved and that the IMF needs more clarification.
According to the report of Arwai News, Aisha Ghus, the Minister of Finance, the issues related to revolving bonds have been resolved in the negotiations with the IMF, the positive negotiations with the IMF are continuing, and the negotiations with the IMF are in the final stage. The agreement has not yet been adopted by the IMF. Ayesha Ghos said the IMF needs some more clarification, the finance minister will tell the media tonight.
Details of the agreement will be released to the media today. On the other hand, after the success of the Pakistan IMF talks, the value of the dollar began to fall. This week, one dollar fell by more than 8 rupees. This morning, the dollar rate fell at the beginning of business. In the interbank market, one dollar decreased by 4 rupees and became 268 rupees, 50 rupees.
According to the Pakistan Forex Association, on Tuesday, the dollar fell by Rs 1.50 against the rupee in the interbank market, while the dollar fell by Rs 4 to Rs 276 from Rs 280 in the open market. . According to the forex report, the euro fell by Rs 3, with the selling price of the euro at Rs 295.
The selling price of Saudi riyal was 73.50 rupees and the selling price of UAE dirham was 75 rupees. While 023) shares traded briskly on the Pakistan Stock Exchange on Wednesday, the third day of the working week. Trading on the Pakistan Stock Exchange was brisk on Wednesday due to buying in other sectors, including banking, which recovered the other two markets. continued. levels of 41,600 and 41,700 index points. Due to the boom, the stock price increased by 53.46%, while the market capitalization increased by more than 24.72 billion rupees.