Pakistan, Oct. 22 -- The good news is that the IMF has approved a loan amounting to US$3.3 under various heads. It would provide a critical sigh of relief for the government that urgently needs funds to meet its various requirements.

Helping the people of flood affected areas should be its first priority. At the same time, the IMF has warned the government to tighten its monetary policies. The subject of 'monetary policies' deserves to be defined in the greater public interest. First question that arises is maintaining the loss-making State Operated Enterprises in public interest despite their officially declared losses of Rs5.5 trillion in a decade. There's no doubt in the statement as it was disclosed to the National Assembly panel.

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