The US dollar price reached Rs277.60 against the Pakistani rupee in the interbank trading with a decrease of nine paisas on Wednesday. International Monetary Fund (IMF) Managing Director (MD) Kristalina Georgieva has expressed optimism about Pakistan's economic trajectory, stating that the country's economy is heading in the right direction. In a statement, Georgieva congratulated the government and the people of Pakistan for the successful implementation of the IMF’s $7 billion loan program. She commended the Pakistani government for its efforts to collect tax from the wealthy, while also providing support to the country’s most vulnerable populations. She highlighted that Pakistan’s economic growth is picking up, inflation is falling, and the country is showing signs of significant improvement. "The government has made substantial reforms, and the overall economic situation has improved," Georgieva noted, adding that these reforms are crucial to maintaining economic stability and securing long-term growth.

Credit: Independent News Pakistan