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Pakistan finance minister hopeful of IMF deal within a day or two

Cash-strapped Pakistan has faced growing economic challenges, with high inflation, sliding forex reserves, a widening current account deficit and a depreciating currency

Pakistan FM Miftah Ismail (Photo: Twitter Pakistan Ministry of Finance)
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Pakistan FM Miftah Ismail (Photo: Twitter Pakistan Ministry of Finance)

Press Trust of India Islamabad
Pakistan's finance minister Miftah Ismail on Monday said that the stalled assistance package of the IMF would be revived within one or two days.

Cash-strapped Pakistan has faced growing economic challenges, with high inflation, sliding forex reserves, a widening current account deficit and a depreciating currency.

The Pakistani rupee remained highly volatile as it plunged to a record low of over Rs 211 against the US dollar in the inter-bank market on Monday.

Pakistan's foreign exchange reserves have depleted to a critical level and the country has less than six weeks of import cover remaining. The reserves are currently below USD 9 billion.

The

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First Published: Jun 21 2022 | 1:00 AM IST

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