Staff level agreement with IMF soon: Governor SBP.

ISLAMABAD -- Governor State Bank of Pakistan on Wednesday informed the Senate standing committee that the staff level agreement will soon be inked with the IMF, media reported.

Governor central bank Jameel Ahmed attended the hearing of the Senate standing committee on finance, chaired by Senator Saleem Mandviwala.

'We have reached very near for an agreement with the International Monetary Fund (IMF),' central bank governor told the standing committee's session. 'The issues are being finalized with the IMF,' he said.

'Pakistan's foreign exchange reserves will reach to 4.3 billion dollars by the next weekend, while the reserves will further enhance by June 30,' Governor SBP said.

'In the last one month foreign currency reserves were enhanced by 1.5 billion dollars,' he said.

The governor briefed the senate body on the inflation, interest rate and foreign exchange reserves.

'Our government given autonomy to the State Bank but they didn't exercise it,' Senator Mohsin Aziz...