IMF to release $900 million when Pakistan removes fuel price caps -source


  • World
  • Thursday, 26 May 2022

FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas

KARACHI, Pakistan (Reuters) - Pakistan and the IMF have worked out the outlines for the release of over $900 million in funds that would come through once Pakistan removes its fuel subsidies, a Pakistani source directly involved in talks in Qatar said, requesting anonymity.

The talks in Qatar capital Doha on the resumption of a funding programme concluded on Wednesday. An IMF official said in a statement that considerable progress had been made, but he emphasized the urgency of Pakistan removing fuel and energy subsidies to get back on track.

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