Pakistan Finance Minister Eyes Cut to Key Policy Rate From 11%
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9 Articles


Pakistan finance minister eyes cut to key policy rate from 11%
ISLAMABAD :Pakistan's finance minister said on Wednesday that there was more room for the central bank to cut the country's key policy rate down from 11 per cent."We are hopeful of progress in terms of the policy rate going south," Mohammed Aurangzeb said at an event in Islamabad.The next policy rate
IMF likely to release $1 billion tranche soon; Mission Scheduled for September, Says Finance Minister
ISLAMABAD: Finance Minister Muhammad Aurangzeb announced on Wednesday that an IMF delegation is expected to visit Pakistan at the end of September. Following this visit, the country anticipates receiving the third $1 billion installment of the ongoing $7 billion Extended Fund Facility (EFF), contingent upon successful completion of the upcoming review. In informal remarks to the media, Aurangzeb stated that Pakistan has already received $2.1 bil…
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