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IMF says policy commitments made by Pakistan keep to apply

IMF: Pakistan policy commitments for support program continue to use.

According to Esther Perez Ruiz, an IMF representative in Islamabad, “Policy commitments made by the authorities that are Pakistani component of the Seventh and Eighth review under their IMF-support programme continue to apply.”

She said policy discussions, including how to target support to those affected by the floods while keeping security that is macroeconomic will commence in coming weeks after the harm assessment report becomes available.

IMF

The IMF representative made the comments a after former finance minister Miftah Ismail termed the government’s choice to freeze fuel levy “reckless” day.

Miftah had engaged in a Twitter spat with PTI frontrunner and his predecessor Shaukat Tarin on Sunday where he had critcised the government that is previous its “unforgivable” petroleum subsidies, but had additionally admitted that the PML-N-led government’s decision to lower petroleum items’ costs was “reckless”.

Pakistan has dedicated to increase the petroleum levy on petrol by Rs30 per liter till 1, and on diesel by Rs15 per on September 1, 2022 and go on it to Rs50 per liter in January 2023 on petrol and Rs50 per liter on by April 2023 diesel september.

Ishaq Dar

Miftah had prematurely increased it to Rs37.5 per liter despite the IMF had set the Rs35 per liter restriction for petrol for 1 october. Current Finance Minister Ishaq Dar, who took the baton from Miftah thirty days that is final has cut it to Rs32.5 per liter on petrol, which isn’t low compare to the October 1 requirement.

“I discover how to manage the IMF with no you have to concern yourself with anything regarding it anymore,” said Dar said while responding to Miftah’s remark during a show in the news channel that is private.

He added, “I have to manage the IMF issues, so going forward, neither Miftah nor anyone else needs to worry about anything.”

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