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PAKISTANI GOVT MAY BORROW FROM MARKET AS IMF LIFTS BAN.
KARACHI, Feb 4 Asia Pulse - The government is likely to directly borrow rupees from the market to pay back its expensive loans after lifting of a ban by the International Monetary Fund (IMF), analysts said.
The liquid investment opportunity was likely to move the interest rates a bit on the upper side, said one analyst from Crescent Capital Management.
There was no confirmation of the likely move by the government in the money market but dealers are of the view that the government might plan to directly borrow the rupee amount from the market to pay back its expensive loans.
...
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