Pakistan has informed the International Monetary Fund (IMF) of its compliance with all preconditions, while the government finalizes an increase of over Rs. 5 in the base electricity tariff.
The Ministry of Finance held virtual talks with the IMF, where the latter expressed satisfaction with Pakistan’s actions. Progress on the new loan program is expected by the third week of July.
A briefing in the Ministry of Finance covered post-budget measures, with updates on changes in gas prices from July 1 shared with the IMF. The officials praised Pakistan for the smooth transition from budget approval to implementation.
Discussions also touched on the IMF delegation’s upcoming visit to Pakistan to finalize the new loan program, likely to be settled this week, with significant progress anticipated by mid-July.
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