IMF Talks to Continue Today, Energy Subsidies Expected to be Ended - Capital TV

June 3, 2023


IMF Talks to Continue Today, Energy Subsidies Expected to be Ended

Anum Razzaque

ISLAMABAD: The delegation of the International Monetary Fund (IMF) has arrived in Islamabad and the revival talks will begin today.

The energy subsidy is expected to end after the review.

Senior government officials announced that the IMF mission chief for Pakistan, Nathan Porter, has arrived in Islamabad to start technical discussions with authorities.

The discussions will continue until February 3 and the second phase of policy negotiations will continue until February 9 to finalize a memorandum of economic and financial policies (MEFP).

The government’s goal in its negotiations with the IMF is to secure an arrangement that balances the burden of fiscal adjustment based on the ability to pay, especially for the hard-pressed majority population.

This means all segments of society, including the middle class, civil administration, armed forces, and judiciary, will need to make sacrifices for a sustainable lifestyle.

To revive the 9th review, the government has attempted to complete the conditions for funding.

Petroleum prices have been raised by 35 rupees, the cap on the greenback has been removed, and it has gained 39 rupees within the week.

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