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ISLAMABAD: Pakistan and the International Monetary Fund (IMF) are likely to sign a staff-level agreement today.
According to the officials of the Ministry of Finance, the negotiations for the agreement with the IMF have entered the final stages, the deadlock on all terms has almost ended, and the scheme to bring $100000 annually to Pakistan on the terms of the IMF has been terminated.
Read more: PM meets IMF chief for third time to secure deal
Sources say that the MEF draft has been shared between the IMF and the Finance Ministry, there will be negotiations between the two sides for the staff-level agreement, and Finance Minister Ishaq Dar will finalize the negotiations with the IMF.
On the other hand, the State Bank of Pakistan has further increased the interest rate, after increasing the interest rate by one percent, the interest rate in the country reached 22 percent.
An important meeting of the Monetary Policy Committee of the State Bank of Pakistan was held, in which it was decided to increase the interest rate by one percent.
