The International Monetary Fund (IMF) has rejected Pakistan’s initial proposal for subsidy on petroleum. “The lending institution has demanded the complete plan of the petroleum subsidy from the government,” sources said. “The IMF has demanded a comprehensive plan of per litre 50 rupees subsidy on petroleum,” sources at the Ministry of Finance shared.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Pakistan makes first purchase of US crude oil after trade deal

Pakistan’s largest refiner Cnergyico will import a million barrels of oil from…

PSX closes 400 points in green amid FATF optimism

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index closed 410.60 points in…

Stock plunges low as US Senate imposes sanctions on Afghanistan

On Wednesday, Pakistan Stock Exchange reported 3% fall and rupee also dropped…

PIA executes biggest northern area operation

Pakistan International Airlines (PIA) operated six flights to Skardu to boost tourism…