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IMF: How Pakistan would fund $1.5B subsidiary?

ISLAMABAD: Before the 7th review of the $6 billion rescue package IMF has asked the Govt of Pakistan how it planned to fund the $1.5 billion subsidy package that PM had announced on 28th day of February, 2022. 

However, Finance Minister Shaukat Tarin said that there were no issues as the government had provided details as to from where they would fund subsidy.

It is pertinent to recall here that PM had announced subsidy in fuel and electricity by reducing the price and freezing that till next budget.

PM Imran Khan while addressing the nation had stated that the PTI-led incumbent govt had decided to reduce petrol and diesel prices by Rs. 10/liter and and the electricity tariff by Rs. 5/unit.

Maintaining that his government was aware of the problems citoyens were facing, he said that the prices of petrol, diesel and electricity would not be augmented till the next budget.

Petrol, Power Prices Slashed

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.