Summary Says it is extending every possible cooperation to Pakistan for economic reforms.
WASHINGTON (Web Desk) - The International Monetary Fund has supported the recent monetary policy decisions taken by the State Bank of Pakistan.
International Monetary Fund says it is extending every possible cooperation to Pakistan for economic reforms.
IMF Director Communications Jerry Rice in a briefing in Washington supported the State Bank of Pakistan’s recent monetary policy decisions.
He said the trend in monetary tightening will help contain inflation and will also help its drive to rebuild foreign exchange reserves.
Jerry Rice said that the increase in interest rate will help in controlling price hike. He said price hike is being considered as a major tax for poor people.
To a question‚ he said that it is consideration of IMF to have a sound macroeconomic policy and framework and structural reforms to boost growth potential over the time which will help all the Pakistani people.
