IMF Package

IMF objects to power rate cut for commercial users, wealth tax

Remittances are also down over 10% in current fiscal year to date

Foreign Office terms debate 'speculative', says nuclear programme not on agenda with any 'govt, financial institution'

The low forex reserves, currently at a nine-year low, raise the risk of default on foreign debt repayment

Budget sized increased by Rs400b to Rs9.9tr

Umar said it was at PM’s discretion to decide whether to opt for the IMF programme or for the solution he had proposed

Recent recovery in currency was seen on expectations of increase in supply

Hafeez Shaikh, Ernesto Ramirez-Rigo speak over telephone