IMF pressure: Federal Government announces to end subsidies phase wise

IMF pressure: Federal Government announces to end subsidies phase wise

*ISLAMABAD – The officials of finance ministry has said that they willpresent a plan of gradually ending subsidy on petroleum products.*

According to the sources of Finance Ministry, dialogues between thegovernment and officials of IMF will start from May 18. Dialouges willremain continue with IMF in Qatar till next ten days.

Sources say that 50 percent subsidy is likely to reuduce. IMF Officialsrelevant to package will visit Islamabad this week. In the meetingrecommendations for coming budget will be discussed.

Currently, the government is giving subsidy of Rs65billion montly onpetroleum products. Subsidy of RS 21 Billion and subsidy of Rs 44 billionis being given on diesel.