Deal with IMF in a Day or Two, Finance Secretary

Tue Feb 21 2023
icon-facebook icon-twitter icon-whatsapp

Ahmed Mukhtar Naqshbandi

ISLAMABAD: Secretary of Finance Hamid Yaqoob Sheikh said on Tuesday that agreement with International Monetary Fund (IMF) would be finalized in two to three days.

He said in a statement that Pakistan is facing many challenges, and the agreement would only be able to “manage things” in two to three months.

Sheikh said that rising commodity prices have created pressure and drained the country’s forex reserves.

Two loans to be rolled over

He said two loans would be rolled over this week, one in a day or two and another expected to be in a few days.

icon-facebook icon-twitter icon-whatsapp