ISLAMABAD: According to reports, the International Monetary Fund (IMF) on Thursday urged a significant hike in interest rates.
According to information, Pakistan has been under constant pressure to take significant actions promptly, and the IMF has required a rigorous monetary strategy that could lead to an increase in interest rates as well.
According to sources, the State Bank of Pakistan (SBP) sold T-bills worth 258 billion USD on February 22 at a 17 percent interest rate.
At the virtual meeting, the IMF and Pakistan also addressed monetary policy. Despite rising inflation, the IMF insists on a rigid monetary policy.
Inflation would continue to rise following the loan arrangement with the International Monetary Fund (IMF), according to earlier comments made by Prime Minister Shehbaz Sharif.
The federal government, according to Prime Minister Shehbaz Sharif, levied increased taxes on large corporations in the mini-budget while shielding the average person from having to shoulder the financial burden.