A man walks past the International Monetary Fund (IMF) logo at its headquarters in Washington, US, May 10, 2018. PHOTO: REUTERS/FILECentral bank Governor Jameel Ahmad said on Wednesday that staff-level agreement (SLA) with the International Monetary Fund (IMF) was “close to finalisation” but shied away from giving a date amid his forecast of a reduction in non-debt creating inflows. The current account deficit (CAD) projection that he gave for this fiscal year, however, was still out of line with the IMF’s forecast. The CAD has remained $3.8 billion during the first seven months of the current fiscal year – down by 68%. Taking a jibe at the governor, PTI Senator Mohsin Aziz said that the SBP governor should be given a certificate of honour for shattering the economy to reduce the CAD.

Source: The Express Tribune March 09, 2023 08:46 UTC