Business Standard

Pakistan finance minister hopeful of IMF deal within a day or two

Cash-strapped Pakistan has faced growing economic challenges, with high inflation, sliding forex reserves, a widening current account deficit and a depreciating currency

Pakistan FM Miftah Ismail (Photo: Twitter Pakistan Ministry of Finance)
Premium

Pakistan FM Miftah Ismail (Photo: Twitter Pakistan Ministry of Finance)

Press Trust of India Islamabad
Pakistan's finance minister Miftah Ismail on Monday said that the stalled assistance package of the IMF would be revived within one or two days.

Cash-strapped Pakistan has faced growing economic challenges, with high inflation, sliding forex reserves, a widening current account deficit and a depreciating currency.

The Pakistani rupee remained highly volatile as it plunged to a record low of over Rs 211 against the US dollar in the inter-bank market on Monday.

Pakistan's foreign exchange reserves have depleted to a critical level and the country has less than six weeks of import cover remaining. The reserves are currently below USD 9 billion.

The

Disclaimer: No Business Standard Journalist was involved in creation of this content

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in