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 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

Your email address will not be published. Required fields are marked *

More Latest News

asteriod
Asteroid will approach earth more closely than some satellites
World Science
president alvi
President Alvi gives government advice not to detain any “popular leaders”
Pakistan Politics
nine palestinian
Israeli forces raided Jenin, killing nine Palestinians
World
netflix
Netflix to start cracking down on password sharing soon
World Entertainment
rupees plunges to
PKR plunges to a record low of USD 255
Pakistan Economy
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?