Recent Fiscal & Monetary Measures Commendable: Further Action for Consolidation

The Pathfinder Foundation (PF) welcomes the measures adopted by the Authorities in recent weeks. PF has consistently advocated the use of the exchange rate, interest rate and fiscal measures in a flexible and pragmatic manner to achieve macroeconomic stabilization. It is encouraging that the measures taken so far have arrested the hemorrhaging of the country’s foreign reserves and placed the economy on a path towards stabilization.