Before the release of IMF loan, the dollar-rupee exchange rate is expected to decline to 195 to 200 rupees in the inter-bank and open market trading
Economy
In March 2022, IMF suspended its loan facility for Pakistan when then Prime Minister Imran Khan capped oil and electricity prices, breaching the agreement signed with the IMF in 2019.
Miftah said the disbursement of IMF loan will pave the way for economic stability in the country.
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Finance Minister Miftah Ismail and Acting Governor, State Bank of Pakistan (SBP) Murtaza Syed will sign the LoI which will be sent back to the IMF.
So far, the US greenback has lost Rs37 versus PKR in the open market while in the inter-bank trading, the dollar has lost its value by Rs 30.
The trend of power theft in UK increased when a protest website urged people not to pay their electricity bills from October.
Dastgir Khan said the govt had notified Rs3.50 per unit increase in national base electricity tariff and he promised to investigate complaints of overbilling on account of monthly fuel cost adjustments in the current bills.