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Your email address will not be published.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

Significant surge in GB tourism

More than 700,000 local and foreign tourists visited Gilgit Baltistan during this…

SBP foreign reserves reach $4.6 billion

Islamabad: According to data released by the State Bank of Pakistan (SBP),…

Saudi shares on a rise amidst Covid-19 surge

On Jan 2, It was reported that Saudi Arabian shares began 2022…

Pakistan-IMF staff-level agreement ‘delayed’

Staff-level agreement between the International Monetary Fund (IMF) and Pakistan faces delay…