Saturday, July 13, 2024

IMF Rejects Pakistan’s Initial Proposal On Fuel Subsidy

According to reports, the International Monetary Fund (IMF) has rejected Pakistan’s initial request for a fuel subsidy.


According to reports, “the lending institution has sought from the government the whole strategy of the fuel subsidies.” According to officials at the Ministry of Finance, “the IMF has sought a comprehensive scheme of per litre 50 rupee subsidy on petroleum.”


According to reports, Pakistan has maintained virtual communication with the IMF, which has asked that a fresh fuel subsidy package be prepared.


According to insiders, “the administration had suggested gasoline subsidies for owners of motorbikes and modest 800 CC vehicles.”

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