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Your email address will not be published.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

Bitcoin soars to near 18-month high

Bitcoin rose 6% on Tuesday to $35,198, its highest in nearly a…

COAS visits IDEAS-2022 at Karachi Expo Centre: ISPR

On Wednesday, General Qamar Javed Bajwa, Chief of Army Staff (COAS) visited…

Govt yields to another IMF demand

Islamabad: The government on Tuesday, while bowing to another demand of the…

Global economic growth to slow down to 2.4% in 2023: Unctad

All regions, except for East and Central Asia, are expected to post…