IMF demands the caretaker finance minister to strictly implement the terms of the agreement

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Caretaker Finance Minister Shamsmad Akhtar has had a virtual meeting with IMF officials.

Sources say that the IMF officials have demanded the finance minister to strictly implement the terms of the agreement.

In this regard, sources say that exchange rate, power and gas sector revolving loans have been discussed in the meeting.

According to sources, the caretaker finance minister took the IMF into confidence on the market-based exchange rate and said that no artificial policy will be made to control the exchange rate.

Shamshad Akhtar assured the IMF officials that the exchange rate will be determined by the market itself.

According to the sources, he said that the tariff rate has been increased to reduce the revolving debt of the power sector, the revolving debt of the power sector will be limited to 2128 billion by June 2024, subsidies have been removed to reduce the revolving debt of the power sector. are going

According to the sources, the caretaker finance minister also informed the IMF officials about the implementation of the terms of the agreement and assured the full implementation of the terms before the start of the economic review.

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