Islamabad : Negotiations b/w IMF & Pakistan successful . The International Monetary Fund (IMF) has agreed to a one-year extension of the loan program for Pakistan.
According to a private TV report, talks are underway between Pakistan and the IMF. In this regard, Pakistan will start technical talks with the IMF next week. However, this demand came from the IMF. Pakistan should withdraw its subsidies as soon as possible and review the number of changes in the target set in December. Pakistan should at least deviate from the target set in December. It also wants to agree on the overall strategy for the IMF budget. Is.
Citing sources, the IMF’s expanded program is coming to an end in September, the IMF will send a mission to Pakistan in mid-May to complete negotiations at the staff level as Pakistan The IMF has requested an extension of the program for one year and the IMF has agreed to extend its program for one year.
It is also learned from the sources that in the negotiations with the IMF, the subsidy on fuel, oil and electricity given to the people by the Imran Khan government will be withdrawn. And electricity prices will be increased while it will be sent to the IMF board after the 7th review is agreed upon, after which the IMF board will approve the next installment to Pakistan.
