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Pakistan’s Business Climate Improving: IMF

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The International Monetary Fund (IMF) has acknowledged Pakistan’s reforms programme and has said that the country’s business climate and market confidence was improving.

The Finance Ministry issued a statement on Monday that the IMF, in its latest report, had said that inflation in Pakistan had started to stabilise and there was no need for a further increase in interest rate.

It added that the economy of Pakistan had witnessed key improvements, including stability in exchange rates for five months and appreciation in rupee’s value.

Moreover, it added that the circular debt had been reduced from Rs38 billion to Rs10 billion in July this year.

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Naya Daur