ISLAMABAD, Feb 25 (Online): Pakistan has accepted IMF demand to enhance interest rate by two percent.
Staff level agreement will be reached after the matters of power sector are settled.
The talks are likely to be completed next week.
According to finance ministry sources the talks between IMF and Pakistan continued till late night. Ultimately government accepted IMF condition for increasing interest rate by two percent.
As per finance ministry authorities, the details are being settled on the matters related to power sector. IMF authorities are reviewing every point in details. Presently talks at technical level are underway.
Pakistan has given detailed briefing on the sources for acquisition of foreign exchange reserves till June.
Political matters with regard to Pakistan are however not being discussed in the talks between Pakistan and IMF.
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