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Pakistan completes all targets of IMF for 7th and 8th review, IMF representative Esher Ruiz

Zain Aijaz by Zain Aijaz
August 2, 2022
in Business, Featured, Latest News, National, News, Top News
Reading Time: 1 min read
Pakistan completes all targets of IMF for 7th and 8th review, IMF representative Esher Ruiz

Islamabad: Pakistan received a positive response from International Monetary Fund (IMF). The IMF representative in Islamabad, Esther Perez Ruiz, said all financial targets by IMF have been achieved by Pakistan. Esther added that a meeting would be scheduled in August as the 7th and 8th review has been completed. She said the country completed the last requirement on July 31, 2022.
The coalition government completed the last requirement of IMF by increasing the petroleum development levy on all petroleum products. The rate of high-speed diesel was increased by Rs 8.95 per litre, and kerosene oil by Rs 4.62 per litre. However, the rate of petrol was decreased by Rs 3 per litre. Pakistan and IMF reached a staff-level agreement on July 14, 2022.

Zain Aijaz

Zain Aijaz

Zain is a media student and a writer by passion. He is a certified creative writer from Wesleyan University and enthusiastically writes on non-fiction and political satire. He is vastly experienced in the field of theatre and has served as a theatre mentor across different institutions. Currently, he is a contributor at The Upcut and can be reached at zainaijazdehlvi@gmail.com

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