Government approves IMF price hike TT News

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Tezabi Totay

Islamabad: The government has endorsed the International Monetary Fund (IMF) to raise prices.

A virtual meeting was held between the Ministry of Finance and the IMF. According to news sources in the Ministry of Finance A Pakistani delegation led by the secretary of the finance ministry and the head of the IMF’s mission also attended the meeting.

Information and conditions for the ninth review task were negotiated at the meeting. But the first round of negotiations was inconclusive and the date of the IMF mission could not be fixed.

Sources stated that The Ministry of Finance has briefed economic targets for the first six months of the current fiscal year. while considering the details of taxation revolving credit grant and flood expenses

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The IMF has called for electricity and gas tariffs to be raised from February 1, as pressure is imposed on new tariffs.

by source The government assures the International Monetary Fund that it will comply with the agreed conditions.

Virtual talks between the IMF and finance ministry officials may conclude tomorrow.

According to sources, the IMF requires approval of the claim before its mission arrives. The date of the IMF mission is likely to conclude at the end of the talks tomorrow.

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