The IMF is not satisfied with Pakistan's previous actions, and has decided to increase the interest rate further.

According to State Bank sources, the IMF had demanded an increase in the interest rate up to 4%, but Pakistan had once rejected a 4% increase.

Pakistan had assured to determine the interest rate in two installments based on inflation.

The IMF had indicated that the interest rate in Pakistan is lower based on inflation.

Sources say that the IMF has pressured for at least a 2% increase in the interest rate.

According to sources, the Monetary Policy Committee meeting will be held on April 4th prior to the State Bank's schedule, in which the interest rate will be reviewed.

There is a possibility of a further 2% increase in the interest rate to revive the IMF loan program.

It is worth noting that Pakistan has agreed with the IMF on IMF program four times.

It should be noted that Pakistan's staff-level agreement with the IMF was supposed to take place on February 9th.