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00:00We will give you the news. IMF has issued an announcement regarding Pakistan.
00:03IMF has issued the first case of $1 billion to Pakistan.
00:07Shoaib Nizami is with us. He will tell us more about this.
00:11Yes, IMF has issued an announcement, which says that this program will last for about 37 months.
00:19And one case of $1 billion has been issued.
00:23Pakistan will be transferred in the next few hours.
00:26It has also been said that this is not just a program, but Pakistan will have to take a lot of steps.
00:31These include economic reforms, medical reforms, the continuation of monetary policies,
00:37and other steps to reduce interest rates.
00:42There is a deficit in the interest rate in Pakistan.
00:49It has been said that the interest rate in Pakistan has decreased by 4.5%.
00:53This is good news. However, the interest rate in Pakistan is expected to remain at 2.4%.
01:01It has also been said that the tax base in Pakistan is low.
01:05By increasing the tax base, Pakistan can achieve the goals of prosperity and development.
01:10The measures that are being taken to reduce poverty and the expenses that are being made,
01:15especially for public health and education, have been deemed insufficient.
01:20The IMF has also said that the effects of the changes in the economy in Pakistan are very dangerous.
01:30There is a need for environmental-friendly measures in Pakistan.
01:34And if Pakistan does not reform itself, there is a risk of being left behind in other countries of the economy.
01:44Thank you very much, Ashraf, for giving us the details.