7th Review completed: Pakistan agrees with IMF to end fuel subsidies

Declaration of talks between Pakistan, IMF issued; IMF’s delegation schedules to visit Pakistan in May

By: News Desk
Published: 06:40 PM, 24 Apr, 2022
7th Review completed: Pakistan agrees with IMF to end fuel subsidies
Stay tunned with 24 News HD Android App
Get it on Google Play

Pakistan on Sunday agreed with International Monetary Fund (IMF) to end fuel subsidies, reported 24NewsHD TV channel.

The talks over the seventh review between Pakistan and the IMF have also been completed, as there were four rounds of negotiations between Pakistan and the IMF.

Sources privy to the matter said that Pakistan and IMF have agreed to start technical talks from Tuesday, adding that the data will come out after the technical level talks.

Sources said that the IMF mission will visit Pakistan after the technical talks.

Pakistan and IMF reached a consensus on SBP's autonomy and implementation of economic reforms.

later, the declaration of talks between the Pakistani delegation and International Monetary Fund (IMF) officials was issued.

According to the statement, several meetings were held between the Pakistani delegation and IMF officials, adding that the IMF assured Pakistan of its full support.

Finance Minister Miftah Ismail talked about the fluctuations in oil prices in the global market.

IMF expressed full support to the Pakistani delegation, as the IMF’s delegation is scheduled to visit Pakistan in May.

Reporter: Waqas Azeem