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Pakistan Promises IMF to Raise Rates If Reserves Drop (Update2)

Published December 2, 2008, 11:39 pm, Bloomberg

Dec. 3 (Bloomberg) -- Pakistan’s central bank promised the International Monetary Fund as part of a $7.6 billion bailout that it will increase interest rates further if the nation’s foreign reserves drop too low.

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Pakistan Promises IMF to Raise Rates If Reserves Drop (Update2) - Bloomberg
Dec. 3 (Bloomberg) -- Pakistan?s central bank promised the International Monetary Fund as part of a $7.6 billion bailout that it will increase interest rates further if the nation?s foreign reserves drop too low. The State Bank of Pakistan said ...

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