Fund still insisting on big increase in discount rate
Pakistan has reportedly agreed to a front loaded stabilisation programme of $6 billion for a period of 20 months with the International Monetary Fund. This will be in addition to $4 billion the country is expecting to get from other multilateral sources more... (BR)
WSJ slams IMF's prescriptions
An influential US newspaper has criticised the prescriptions of the International Monetary Fund (IMF)--cuts in government expenditures, devaluation, and tax increases--for bailing Pakistan out of the financial crisis, saying that the measures would have opposite effect more... (BR)
$5bn in 15 days or IMF, says Shaukat Tareen'Moody's jumped to conclusions'
Advisor to Prime Minister on Finance, Shaukat Tareen Wednesday said the country immediately needs an inflow worth $5 billion to sustain at its current position more... (FD)