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IMF to seek strict conditions on Pakistan for bailout package

IMF to seek strict conditions on Pakistan for bailout package

*ISLAMABAD – Pakistani government and the International Monetary Fund (IMF)hold policy-level talks from Monday in Islamabad.*

Harald Finger lead the IMF delegation for the discussions and fromPakistan, the economic team will be led by Finance Minister Asad Umar.

During policy negotiations, the IMF might suggest measures to increase taxrecovery, an increase in exports and improvements in the energy sector. TheIMF delegation will review Pakistan’s fiscal policies in terms of thecurrent account deficit.

The IMF may also recommend measures to increase the prices of electricityand gas. It is expected that the IMF may suggest a condition of eliminatingelectricity subsidies for Pakistan.