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Pakistan-IMF Talks Going Well, Take ‘Bit of Time’: Syed Says

  • Loan agreement progressing, sides ‘closing gaps’: Syed
  • Pakistan raised rates by 150 basis points to 13.75% on Monday
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Pakistan’s loan talks with the International Monetary Fund are progressing, according to the acting central bank chief, adding that such discussions can “take a bit of time.”

“We are confident we’ll get to the finish line,” Murtaza Syed, acting governor at State Bank of Pakistan, said in an interview with Bloomberg TV’s Rishaad Salamat on Tuesday.