Pakistan s finance minister, Ishaq Dar, has said the country will raise ₹215bn through taxes in an effort to meet the conditions of a $6bn loan offered by the International Monetary Fund
Pakistan's Finance Minister Ishaq Dar has blamed geopolitics for a stalled IMF loan package and said that global institutions wanted the cash-strapped country to default like Sri Lanka and then take part in the negotiations.
The IMF has rejected the cash-strapped Pakistan government's claim that it has met all the conditions to reach an agreement with the global financial body to release funds under an already agreed loan facility, according to a media report.
International Monetary Fund (IMF) is skeptical about total amount of funding required for Pakistan s proposed petrol subsidy scheme and has asked questions like where this money will come from, the number of consumers who will benefit from this scheme, among others