Pakistan committed to aligning official, informal FX rates: IMF

Kitco Media
By Reuters
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Reuters
By Ariba Shahid KARACHI, Pakistan, March 6 (Reuters) - Pakistan is committed to align its official and informal foreign exchange market rates, the International Monetary Fund's resident representative said on Monday, days after the cash-strapped country's currency plunged dramatically as it works to revive its stalled bailout programme. A permanent power surcharge on consumers is also among measures planned by Pakistani authorities to address energy sector debt, IMF's Esther Perez Ruiz told Reuters in an emailed response.


(Reporting by Ariba Shahid in Karachi, writing by Asif Shahzad in Islamabad; Editing by Kim Coghill)

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