IMF Resident Representative, Esther Perez Ruiz, while talking to Pro Pakistani has said that there is a longer list of conditions that Pakistan must meet in order to receive the IMF tranche, including gasoline, energy subsidies, and a high fiscal imbalance.
“Implementing a package of comprehensive actions, including the removal of fuel and energy subsidies and the FY2023 budget, will be important to achieve program objectives,” he said while talking to the news publication.
He continued by adding, “The discussions with the Pakistani authorities, aimed at reaching an agreement to enable the conclusion of the pending seventh review under the 2019 Extended Fund Facility (EFF), are ongoing and remain very constructive.”
“The IMF appreciates the authorities’ recent decision to start bringing fuel prices in line with international prices, as part of a wide-ranging set of policies and reforms to repair macroeconomic stability.”
The IMF has requested that the government set a revenue target for FY23 of Rs. 7,255 billion. The IMF is still considering the inflation target for the coming fiscal year, as well as subsidies and the budget deficit.