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IMF programme

This IMF bailout package will be Pakistan’s last: Asad Umar

ISLAMABAD: Federal Minister for Finance, Asad Umar, says the next International Monetary Fund (IMF) programme being pursued by the incumbent government will be Pakistan’s last. He made this statement during a meeting with stockbrokers at the Pakistan Stock Exchange in Karachi today. Insisting that the Pakistan’s economy is already on road to recovery, Mr. Umar said he arrived to especially meet the traders to dispel their reservations about the economy and the market. Read: First year of govt may be difficult for us:…

Moody’s maintains stable outlook for Pakistani banks

ISLAMABAD: Moody’s Investors Service on Thursday maintained its stable outlook on Pakistan’s banking system, reflecting strengthening the economy, and high liquidity buffers. The stable outlook also reflects the rating agency’s expectation that the country’s banks would continue to benefit from a stable deposit base, high liquidity buffers and an accelerating economic growth under the IMF programme, which would create lending opportunities over the next 12-18 months. Moody’s report, entitled “Banking System Outlook—…