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Pakistan, IMF talks on seventh review to start today



Pakistan, IMF talks

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) will launch virtual talks on Friday (today) to complete the seventh review under the Extended Fund Facility (EFF) where the Prime Minister’s relief package and another tax waiver for the industrial sector. There will be important issues related to giving. Between the two sides.

Pakistani officials estimate that the Prime Minister’s relief package to reduce petrol and diesel prices by Rs 10 per liter and electricity prices by Rs 5 per unit will directly reduce rising inflationary pressures by 0.6 per cent on a monthly basis. Will be done These relief measures will also have some indirect effect on CPI-based inflation in the coming months.

However, IMF staff will raise questions about the sustainability of the fiscal deficit as it could have a negative impact on spending pressures and rising current account deficits. An official who understands the dynamics of Pakistan’s economy told this author here: will have.” on Thursday.

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