Pakistan, IMF fail to agree on MEFP

Pakistan and the Worldwide Financial Fund (IMF) haven’t finalised the Memorandum of Financial and Monetary Insurance policies (MEFP) for the completion of the Sixth Assessment underneath the $6 billion Prolonged Fund Facility (EFF). The federal government has discovered itself in a really robust scenario in regards to the worldwide cash lender’s scenario. There are dangers connected for Pakistan both with or with out the IMF loans. For one, the State Financial institution of Pakistan’s overseas foreign money reserves decreased by $1.6 billion within the final two weeks as Pakistan had paid $1 billion on maturity of…