Talks between IMF, Pakistan begins on Wednesday

Talks between IMF, Pakistan begins on Wednesday


The talks will go on for a week.

ISLAMABAD (Dunya News) - Pakistan and the International Monetary Fund (IMF) are scheduled to begin review talks in Doha from Wednesday, May 18, 2022.

According to details, the talks will go on for a week to discuss the release of the remaining $1 billion tranche under the Extended Fund Facility (EFF).

In this regard, the key concerns will be the increase in revenue collections and the removal of subsidies on petrol and electricity.

Earlier, the finance minister said that the IMF wants fuel prices raised to break even and taxes restored, amnesty scheme discontinued for industries, circular debt reduced, power rates increased and fiscal savings ensured.

On February 28, former prime minister Imran Khan announced a relief package for inflation-burdened consumers, under which prices of petrol and diesel were reduced by Rs10/liter each from March 1, 2022, and fixed at those levels till the end of this fiscal year.