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Pakistan's negotiations with the International Monetary Fund for a $1 billion loan disbursement remained unresolved during the month. The primary point of contention was a proposed government subsidy of 1 trillion rupees for the national power sector, which the IMF has opposed.
Separately, the IMF commented on broader global economic pressures, noting that the conflict in the Middle East is testing the world economy and could impact oil prices. The organization stated its readiness to assist countries facing economic strain from a potential oil price shock.
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Discussions between Pakistan and the International Monetary Fund for a $1 billion loan payment have not reached an agreement. The IMF has objected to a proposed 1 trillion rupee subsidy for the country's power sector. Separately, the International Monetary Fund said the global economy is being tested by the conflict in the Middle East, which could affect oil prices. The organization said it is ready to help countries that are squeezed by an oil price shock.
2 topics | 33 sources