RecommendedMust Read
Pakistan has given the International Monetary Fund (IMF) written assurances that it will maintain a tight monetary stance, including raising interest rates if needed, to counter mounting inflationary pressures arising from the Gulf war. Islamabad has also assured the lender that it will draw up an action plan to address the rising cost of channelling remittances through banks and exchange companies, while keeping spending within the allocated budget and avoiding overruns.
