Prominent entrepreneur Arif Habib declared on Thursday that Pakistan’s financial reputation will increase as a result of the IMF program.
Habib shared his opinions as follows: “The IMF agreement has demonstrated that friendly nations support Pakistan. The $1 billion will result in more liquidity for Pakistan.”
“When liquidity rises, interest rates will decrease. Pakistan had to contact the international lender because of its shaky economy.”
“The IMF is of the view that you should prepare the budget in line with your capital,” Habib stated.
It is important to note that Pakistan is expected to receive the first installment of the loan by September 30 in the amount of $1 billion or $1.1 billion.
