IMF gives yet another blow to Pakistan government

IMF gives yet another blow to Pakistan government

*KARACHI: Pakistan Tehreek-i-Insaf (PTI) spokesperson on finance MuzzammilAslam on Monday claimed that the IMF has deferred meeting with Pakistanauthorities for release of US$1 billion tranche until May 18 and isdemanding a hike in petrol and diesel prices. *

Muzzammil Aslam while sharing a news report claimed that the IMF mission isnot scheduled to visit Pakistan on May 10 and instead wanted the governmentto raise prices of petrol, diesel and electricity ahead of staff-leveltalks.

“If prices are raised then IMF delegation could meet Pakistani authoritiesin Doha from May 18,” he said, adding that the international lender wantedexcessive taxes on common man in the next budget.

He further claimed that the government will also not receive any funds fromfriendly countries.

Finance Minister Miftah Ismail has agreed with International MonetaryFunds’ (IMF) recommendations to reduce fuel subsidies phase-wise.

Miftah Ismail had held a meeting with the executive directors of the Fundin Washington for the revival of the Extended Fund Facility (EFF) programme.