Pakistan and the IMF have failed to strike a staff level agreement on fresh bailout package of $6.5 billion in the wake of tough conditions of the Fund on account of taxation, upfront hike in discount rate and withdrawal of subsidies on power sector.
However, Ministry of Finance claimed in its brief statement on late Friday night, “Pakistan and the IMF made good progress in their discussion. Consultation will continue over weekend,” the Finance Ministry concluded in two sentence statement.Read More…
