IMF deal 'done' once Pakistan removes fuel price caps -source


Reuters | Karachi | Updated: 26-05-2022 10:46 IST | Created: 26-05-2022 10:44 IST
IMF deal 'done' once Pakistan removes fuel price caps -source
Representative Image Image Credit: ANI
  • Country:
  • Pakistan

Pakistan and the IMF have worked out the outlines of a deal to release the next tranche of funds, which would come through once Pakistan removes fuel subsidies, a Pakistani source privy to the talks said, requesting anonymity.

"When we raise fuel prices, the deal will be done. We have worked out the outlines of a deal," the source told Reuters in a text message after talks with the IMF concluded on Wednesday in the Qatari capital Doha.

A pending tranche of over $900 million dollars is contingent on a successful IMF review.

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