Tag Archives: IMF pact ‘credit positive’ for Pakistan

ISLAMABAD: Moody’s Investors Service on Monday termed the staff level agreement (SLA) signed by Pakistan with the International Monetary Fund (IMF) for the revival of its programme as ‘credit positive’ and hoped it would ease pressure on declining foreign exchange reserves. But the credit rating agency wondered whether the government could afford to keep raising petroleum taxes and electricity tariffs in the …

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