Times of Pakistan - Latest Pakistan News, Pakistan News Online, Pakistani Newspaper, Pakistan News Today Times of Pakistan - Latest Pakistan News, Pakistan News Online, Pakistani Newspaper, Pakistan News Today
  • World
  • Pakistan
  • Politics
  • Business
  • Economy
  • Sports
  • Entertainment
  • Technology
  • Health
  • Travel
  • Science
  • Opinions
  • Blogs
  • Letters
Reading: To restart a halted programme, IMF requests Pakistan to comply with demands within three weeks
Share
Aa
Times of PakistanTimes of Pakistan
Search
  • World
  • Pakistan
  • Politics
  • Business
  • Economy
  • Sports
  • Entertainment
  • Technology
  • Health
  • Travel
  • Science
  • Opinions
  • Blogs
  • Letters
Follow US
  • About us
  • Privacy Policy
  • Terms of Service
  • Contact us
PakistanEconomy

To restart a halted programme, IMF requests Pakistan to comply with demands within three weeks

The international lender urges Pakistan to gear up and fullfill the demands within three weeks.

News Desk
By News Desk Published December 24, 2022
Share
imf
Image Credits: Boston University

If Pakistani authorities wish to restart the frozen loan programme, they must take the listed precondition activities within the next three weeks, according to the International Monetary Fund (IMF).

The IMF advised the Pakistani government that “all necessary initiatives” must be taken at this time.

Ishaq Dar, the minister of finance, is scheduled to meet with his core economic team in a few days to discuss the steps that must be taken in the next weeks to prepare for the resumption of the IMF programme.

In another round of virtual negotiations on Thursday, between representatives of Pakistan and the IMF, the finance minister gave the lender assurances that, despite the State Bank of Pakistan’s declining foreign exchange reserves, which fell to $6.11 billion, Pakistan was still anticipating dollar inflows from one friendly nation by late December or early January.

According to the sources, the Energy Ministry was urged by the Finance Ministry to modify the Circular Debt Management Plan (CDMP) for 2023.

According to one official, “we cannot allow the imposition of a power surcharge in the range of Rs 31.60 or Rs 12.69 per unit hike, keeping in view the attached political cost,” and they added that the appropriate authorities were tasked with developing the amended CDMP in such a way that Pakistan could increase the power tariff on the lower side.

According to unbiased analysts, the government may want to walk a tightrope by taking a balanced approach.

The government would need to come up with a workable plan to eliminate the monster of circular debt that has accumulated in both the power and gas sectors up to a staggering amount of Rs4 trillion because the restoration of the IMF programme through patchwork may not succeed.

The IMF has agreed to provide a Rs340 billion adjustment for the budget deficit increase brought on by expenses connected to the floods in the current fiscal year.

TAGGED: IMF, IMF deal revival, IMF demands, Pakistan and IMF
By News Desk
The author is the news desk team.
Previous Article Pakistan repeals a colonial era law Pakistan repeals a colonial-era law that penalises suicide attempts
Next Article donald trump 1 US capitol attack: Trump should be barred from holding any Govt office again
Leave a comment Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

More Latest News

us
More than anticipated, US firms added 311000 jobs in February
World Economy
After nearly 7 years
After nearly 7 years of antagonism, Middle Eastern adversaries, Iran and Saudi Arabia decided to resume ties
World Politics
sardar
Sardar Khetran awarded bail in triple homicide case involving Barkhan
Pakistan
Imran khan arrest
In connection with comments made against state institutions, BHC suspends Imran’s arrest warrants
Pakistan Politics
president xi jin ping
Xi wins a third term as president despite numerous obstacles
World Politics
Times of Pakistan - Latest Pakistan News, Pakistan News Online, Pakistani Newspaper, Pakistan News Today Times of Pakistan - Latest Pakistan News, Pakistan News Online, Pakistani Newspaper, Pakistan News Today
  • About us
  • Privacy Policy
  • Terms of Service
  • Contact us
  • ٹائمز آف پاکستان اردو
  • About us
  • Privacy Policy
  • Terms of Service
  • Contact us
© 2002-2022 TIMES OF PAKISTAN (PRIVATE) LIMITED This material may not be published, reproduced, broadcast, rewritten, or redistributed without permission.
Welcome Back!

Sign in to your account

Lost your password?