The IMF asked for a report on the appreciation of the rupee against the dollar
According to the sources, technical level talks are going on between Pakistan and the IMF, the IMF has asked for a report on the action taken by the law enforcement agencies against the exchange companies.
Sources say that the State Bank fully implemented the market-based exchange rate under the IMF conditions and the Finance Ministry said that the action of the law enforcement agencies did not artificially increase the value of the rupee.
According to the sources, the Ministry of Finance is of the opinion that the dollar rate fell due to the action against smuggling and illegal residents, the inflow increased in 3 months due to which the dollar rate fell and during this time the government also made several payments.
According to sources, State Bank officials will also provide more details to the IMF in the technical talks.
Interbank: Dollar became 286 rupees 50 paise
The increase in the value of the US dollar continues today, with the dollar becoming more expensive in the interbank market at the start of business today.
The dollar became 286 rupees 50 paisa after becoming expensive by 1 rupee 21 paisa in interbank.
Yesterday, the dollar closed at 285 rupees 29 paise in the interbank.
On the other hand, after the dollar became expensive by 50 paisa in the open market, it became 287 rupees 50 paisa.
Stock Exchange: 100 index crossed 54 thousand level
100 index of Pakistan Stock Exchange crossed the level of 54 thousand today.
The 100 index of Pakistan Stock Exchange has come down to 54 thousand 267 after an increase of 407 points.
100 index closed at 53 thousand 860 points at the close of business yesterday.
The IMF asked for a fresh report on the losses of state-owned enterprises
The International Monetary Fund (IMF) has asked for a fresh report on the losses of state-owned enterprises.
Sources say that the IMF has asked the Ministry of Finance for an updated report up to the first quarter of the current financial year.
The Finance Ministry has sought time from the IMF to submit a report by December 2023. The mission has refused to accept the report of old data on the losses of government-owned enterprises.
The IMF mission has called for the Central Monitoring Unit team to submit its first assessment report.
Sources say that the IMF has been told that it is examining the new data of government-owned enterprises and will complete the report of the new data soon.
Also read more:
Saudi Arabia, Russia to continue voluntary oil cuts citing demand concerns
0 Comments