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Pakistan to receive $55 crores from IMF

DUBAI: Pakistan is likely to receive $550 mln from International Monetary Fund (IMF) if the talks opening Monday (today) in Dubai end in success, ARY News reports.

The final round of talks between the Pakistani government and IMF being held today.

According to sources, Federal Minister for Finance Ishaq Dar will lead his country’s delegation in talks.

The government has assured the monetary institution that the electricity and gas prices in the country will be increased, sources said.

It is also being said that IMF has told Pakistan to reduce the subsidy on its energy sector and to expand the tax net to more people.

IMF has expressed its satisfaction over Pakistan’s economic performance, sources added.

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