Pakistan Government Agreed with the International Monetary Fund (IMF)
IMF deal with Pakistan 2023. On the conditions to release $1.1 billion in critical backing, Finance Minister Ishaq Dar said on Friday, adding that the payout was delayed due to “routine procedures”.
Below are the crucial points Pakistani authorities say they’ve formerly reached an agreement on with the IMF
- The government will apply financial measures, including taxation, to raise Rs170 billion rupees ($629.63 million) worth of profit
- Market-determined exchange rate
- The government’s commitments to increase petroleum impositions will be completed. Diesel impositions will be raised doubly by Rs5 per liter each time on March 1 and April 1
- Energy reforms suggested by the IMF will be bandied and approved by Pakistan’s press. This would include Pakistan fully slashing its indirect debt a form of public debt that builds up in the power sector due to subventions and overdue bills. barring indirect debt entirely wasn’t an immediate demand.
- Pakistan would not add any indirect debt related to gas.
- Untargeted subsidies will be minimized.
- Agreement on adding the budget of the Benazir Income Support Program by Rs40 billion from Rs360 billion to Rs400 billion in order to reduce the burden of affectation on the most vulnerable parts of the society
