IMF asks Pakistan to jack up power, gas tariff for revival of programme.

ISLAMABAD -- The International Monetary Fund (IMF) has shared lists of prerequisite actions and told Pakistani authorities in plain words that Islamabad will have to move towards implementing all demands for reviving the stalled Fund programme, media reported, citing sources.

IMF has asked Pakistan to take all required actions that could pave the way for striking a staff-level agreement and releasing of $1 billion tranche under the Extended Fund Facility (EFF).

The sources say the IMF has sought a roadmap from Pakistan for the collection of Rs855 via petroleum levy till June 30, 2023. The Pakistani authorities have to jack up levy on diesel by Rs15/litre and drag it to Rs50/litre.

The IMF has also sought settlement of circular debt in the gas sector for the revival of...