The International Monetary Fund (IMF) has issued lists of essential activities and told Pakistani authorities to work toward implementing all requests for resurrecting the halted Fund program.
IMF has ordered Pakistan to take all necessary steps to reach a staff-level agreement and release a $1 billion tranche under the Extended Fund Facility (EFF).
The IMF has requested a roadmap from Pakistan to earn Rs855 via gasoline charge until June 30, 2023. Pakistan must raise the diesel charge by Rs15/liter to Rs50/liter.
The IMF wants Pakistan to raise gas prices by 74% to settle the circular debt in the gas sector to restart the loan program, sources said.
Pakistan must also collect Rs300 billion in taxes and raise the basic electricity cost.
IMF wants Pakistan to lift the “artificial ban” on the dollar exchange rate.
Sources added that the IMF’s “strong position” worries Finance Minister Ishaq Dar.
