Pakistan is seeking a USD 7 billion bailout package from the IMF to prevent the collapse of the economy. While the visiting IMF delegation is asking for several reforms and compliance with its conditionality.
According to Dawn, a clear roadmap on external financing and domestic budgetary steps, coupled with substantial energy cost adjustments, should have led to sharing of a draft Memorandum of Economic and Fiscal Policies (MEFP) by the visiting IMF mission wit the authorities at least a day b
Responding to a media query regarding the discussion with IMF, Dar said, "Everything is going all right" and added, "The final round is going on right now. I meet them (the IMF team) every day and will today as well. "It is expected matters will be settled today... We will give you the news
HD Kumarswamy, earlier, gave a new statement on Union Minister Prahlad Joshi, saying that if the BJP comes to power in the state this time, "a Brahmin" will be the Chief Minister.
Meanwhile, Pakistan is contesting the fiscal gap in achieving the primary deficit. Pakistani authorities have asked the IMF for incorporating flow of reduction under the revised Circular Debt Management Plan (CDMP) and reduced the amount of required additional subsidy of Rs 605 billion again