IMF says unaware of Pakistan securing commercial financing at 11% interest rate
Spokesperson further notes no such financing necessary to meet current program assurances
Spokesperson further notes no such financing necessary to meet current program assurances
Fund head commends Islamabad for efforts to collect tax from wealthy, provide support to most vulnerable
Fund warns Pakistan still faces challenges, including difficult business environment, weak governance, excessive state intervention
The loan is expected to help stabilise Pakistan’s economy
Price of gold reaches Rs275,500 for the first time in history
Benchmark surged by 428 points, reaching an all-time high of 81,912 points during intraday trading
Pakistan likely to get $1 billion or $1.1 billion as first instalment of loan by Sept 30
Regular Income Certificate and Welfare Savings Certificate will also see reduced interest rates
Non-filers to be barred from investing in securities, mutual funds, and money market