IMF Reaches $1.2 Billion Staff-Level Agreement with Pakistan, Seeks End to Fuel Subsidy

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  Sufyan Tahir / 15 hours
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• 6 min read

Petrova said Pakistan should promptly phase out its fuel support scheme because of its high cost and broad targeting. ISLAMABAD: Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) for the release of approximately $1.2 billion under two loan programmes after committing to phase out its fuel subsidy scheme promptly, increase social […]