IMF programme will lead to Pakistan’s financial credibility: Arif Habib
Renowned businessman Arif Habib said on Thursday that the International Monetary Fund (IMF) program will lead to Pakistan’s financial credibility.
Expressing his thoughts, Habib said: “The IMF deal has given the message that the friendly countries are standing with Pakistan. Pakistan will witness an increase in liquidity by getting $1 billion.”
“The interest rate will go down with the increase in liquidity. It is due to the weakened economy that Pakistan had to approach the international lender.”
“The IMF is of the view that you should prepare the budget in line with your capital,” said Habib.
It is pertinent to mention that Pakistan is likely to get $1 billion or $1.1 billion as the first instalment of the loan by September 30. After the approval of the loan program, the second installment will also be received in the same financial year, the sources added.
