IMF to seek strict conditions on Pakistan for bailout package

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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 from Pakistan, the economic team will be led by Finance Minister Asad Umar.

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

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