Abb Takk News

Pakistan, IMF Likely To Finalise Deal Of Bailout Package Today

ISLAMABAD: Pakistan and the International Monetary Fund (IMF’s) talks have entered in its concluding phase as both the sides are likely to strike the deal of around $6.5 billion today, sources said.

According to reports both sides holding the final round of talks today and a deal to be finalized soon, sources at the ministry of finance said.

PM Adviser on Finance Dr Hafeez Shaikh and the Governor State Bank will sign the agreement today, sources added.

The officials of Pakistan and the IMF exchanging drafts of the proposed deal which will become the base for a three-year package.

The sides discussed key points regarding the hike in electricity and gas tariffs, withdrawal of subsidies and tax exemptions along with the issues of the value of rupee and interest rates, according to sources.

Earlier on Thursday, PPP Chairperson Bilawal Bhutto-Zardari had lashed out PTI-the government for its “inability” to control the “tsunami of inflation” during his address in the National Assembly.

“This government has no plan, no mission and no vision,” he had said, adding that the government had failed to meet its tax targets. Amid protesting noises by the treasury benches, he alleged that the public was “suffering due to the government’s incapability”.