Pakistan hikes fuel prices to meet IMF loan conditions

Pakistan Latest: Fuel Prices Raised to Meet Major IMF Condition

(Bloomberg) -- Pakistan's government increased local fuel prices from Friday to meet a key condition set by the International Monetary Fund for reviving its bailout program after talks with the multilateral lender ended inconclusively the day before. Markets gained.  Read More

Pakistan: Shehbaz Sharif govt hikes fuel prices by 30 PKR per litre to unlock IMF funding

In a surprise move, the Pakistan government increased the rate of petroleum products by 30 PKR per litre, or up to one-fourth of their existing prices, paving the way for reaching a staff-level agreement with the International Monetary Fund (IMF) by June 12. The unprecedented decision will help defuse the landmines laid by the government of former Prime Minister Imran Khan on the one hand, and will save the country from looming default on the ot…

Pakistan Latest: Fuel Prices Raised to Meet Major IMF Condition

Pakistan’s government increased local fuel prices from Friday to meet a key condition set by the International Monetary Fund for reviving its bailout program after talks with the multilateral lender ended inconclusively the day before. Markets gained.

Pakistan hikes fuel prices to meet IMF loan conditions

Prime Minister Shehbaz Sharif’s decision clears way for much-needed relief to keep South Asian nation’s economy afloat.

Bailout hopes from IMF forces Pakistan to hike fuel prices by 30 PKR

The Pakistan government hiked the cost of all petroleum products by ₹30 in local currency, the highest single-hike ever.

Pakistan raises fuel prices by 20% to unlock IMF funding

Government moves to consolidate its finances to reduce its deficit after inflation hit 13.4% in April