ISLAMABAD: Amid a policy decision on Friday to allow rupee depreciation, Pakistan and an International Monetary Fund (IMF) delegation concluded the first round of discussions on the country’s economy. Now members of the IMF delegation and Pakistan team are taking a two-day break to prepare for the policy-level wrap-up by Dec 13-14. A senior official told Dawn that the State Bank of Pakistan (SBP) would now let the currency exchange rate to adjust to market conditions after many months, rather years, of resisting expectations. The timing of the move was planned…
Read MoreIn talks with IMF, Pakistan agrees to depreciate rupee
