The US-based Ratings said in its report that a new deal to succeed the Stand-By Arrangement (SBA) expiring in March this year, was key to Pakistan’s credit profile
Although Mamata did not go into the details of the IMF report, her concerns have earlier ben raised by economists such as former chief economic adviser to the Centre Arvind Subramanian
Pakistan’s February 8 general elections resulted in a split vote, with no party securing a clear national majority, writes Farooq Tariq, offering little hope for positive change, as the incoming government is poised to fast-track neoliberal policies, privatise state institutions and deepen class exploitation.
The International Monetary Fund (IMF) is “very confident” the global economy will see a soft landing, its managing director Kristalina Georgieva said, adding that interest rates would start coming down around mid-year.