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Political showdown unlikely to deter Pakistan from IMF’s reforms

May 11, 2013

Pakistan’s political turmoil is unlikely to deter the country’s efforts to have a consensus with the International Monetary Fund on key reforms promised under $6.67 billion bailout package, officials said on Tuesday. Finance ministry officials and the IMF are making efforts for evolving consensus on exact timing of raising electricity tariff, passing of a bill for State Bank of Pakistan (SBP)’s autonomy from Parliament and taking additional steps in case of revenue shortfall. The talks have extended three to four days after the Finance Minister Ishaq Dar had returned from Dubai on Monday night because of scheduled meeting of Parliamentary Committee on Electoral Reforms. Now both sides would hold talks through video conferencing in order to evolve consensus on power tariff.





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