ISLAMABAD— On Friday, Pakistan told the International Monetary Fund (IMF) in Doha about their plan to lower the subsidy on gasoline prices.
Sources with knowledge of the situation say that during the talks with the IMF, Pakistan told them about their plan to raise the price of gasoline, and it was also suggested that the poor should not get as much free gasoline. During the talks, ways to stop electricity from going to waste were talked about. While there was also talk about increasing the price of electricity in stages.
Both the IMF and the government delegations talked in depth about the budget and the current account deficit. Pakistan also gave a plan to cut costs, and both delegations talked about ways to cut costs that weren’t necessary. It was also talked about looking at the priorities of the development budget.