ISLAMABAD: The International Monetary Fund (IMF) surrendered its demand for immediately increasing the interest rate in Pakistan.
Sources told Geo News that after a meeting, the IMF agreed that Pakistan needs not to increase the interest rate for the next six to eight months.
According to sources, the IMF wants to see the results of the recent increase made in discount rate.
Sources further told Geo News that the IMF did not put any condition of increasing the interest rate for providing loan to Pakistan.
Pakistan’s negotiations for obtaining loan from the IMF are in final stage and the analysts understand that Pakistan requires three to five billion dollars for immediate economic stability.
news by geo.tv
