Pak-IMF talks stalled as govt refuses to increase gas, electricity rates

By: News Desk      Published: 06:43 PM, 16 Jun, 2021
Pak-IMF talks stalled as govt refuses to increase gas, electricity rates

The sixth round of talks between the government and the International Monetary Fund (IMF) have ended without producing any results following differences developed between the two sides over the loan programme, resulting in a delay in the release of the next instalment by the IMF, reported 24NewsHD TV channel on Wednesday.

Quoting sources, the channel reported the reason for a deadlock between the two sides was the Ministry of Finance’s refusal to immediately increase gas and electricity rates on the grounds that no more burden could be put on the masses at this stage.

However, confirming that the talks will continue, sources informed 24News that the international money lending organisation would now review Pakistan’s economy in September.

Reporter Waqas Azeem

Categories : Business