The governor of State Bank of Pakistan Raza Baqir, in a press conference held today, said he was pleased to play a role in the overall process of reaching an agreement with the IMF, as he had a prior experience of working with the fund.
He informed that IMF will be holding a board meeting on July 3, 2019, following which all the important documents shall be made public.
“Historically, we have seen that the economy has benefited greatly from IMF in the form of sharp improvement in asset market, equity market and remittances”, he said.
He said that the remittances sent by overseas investors had also increased significantly after the agreement, as these investors got a signal that the economy was being supported financially by international communities.
He assured that Pakistan was heading towards stability as the economic team of the country, which comprises of Central Bank, was striving hard to address and overcome the issue of twin deficits.