Stock Groups

IMF says having ‘constructive’ talks with Pakistan as part of program review -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – The International Monetary Fund logo can be seen in its headquarters after the IMF/World Bank annual meeting, Washington, U.S.A, Oct 9, 2016. REUTERS/Yuri Gripas

WASHINGTON (Reuters), – On Thursday, the International Monetary Fund stated that constructive discussions are ongoing with Pakistan during a seventh review of a $6B rescue package.

Officials from Pakistan have stated that they believe they will be able to address concerns raised by the IMF about an $1.5 billion subsidy for electricity.

Gerry Rice, spokesperson for the IMF, did not directly comment on Pakistan’s views about the subvention plans but stated that the current discussions were “constructive” to ensure Pakistan meets its core objectives of fiscal prudence and external sector viability (and), the protection of vulnerable populations from high food and energy prices.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]