Pakistan News And Discussion-9

[Naresh]

<b>Mudy JI :

Lo Kur Lo Baat!</b>

[center]<b><span style='font-size:21pt;line-height:100%'>IMF seeks 10pc devaluation, power rate hike in Pakistan</span></b> <!--emo&:flush--><img src='style_emoticons/<#EMO_DIR#>/Flush.gif' border='0' style='vertical-align:middle' alt='Flush.gif' /><!--endemo--> [/center]

<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->ISLAMABAD/KARACHI, Dec 8 : <b>The International Monetary Fund has expressed concern over Pakistan’s large current account deficit</b>, warning that further widening could compromise external debt sustainability.

During consultations with officials of the finance division in Islamabad, the IMF proposed a raft of measures to arrest the deficit. <b>The measures include the raising of electricity charges, <span style='font-size:14pt;line-height:100%'>devaluing the rupee by 10 per cent</span> and the floatation of investment bonds.</b><!--QuoteEnd--><!--QuoteEEnd-->

Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->