LONDON: Pakistan is not happy on hard terms of International Monetary Fund’s (IMF) and Islamabad has denied taking loan worth of 3.7 billion US dollars, British media claimed. According to the newspaper IMF wants that Pakistan should not reduce its interest rate while Pakistan is considering on reduction of interest rate.
It is worth mentioning here that a pact of 11.3 billion was signed between Pakistan and IMF three years ago and Pakistan has received more than seven billion US dollars till now.
Report says that IMF has stopped the premium of 3.7 billion $ of Pakistan, adding that IMF has said that loan would not be given until Pakistan would not reduce its deficit and tax reforms.