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ISLAMABAD: The Spokesperson for the International Monetary Fund (IMF) Gerry Rice on Saturday said that Pakistan’s economy is facing external challenges.
In an online news conference the IMF spokesperson said that discipline must be ensured and economic goals must be achieved.
Talking about the economic condition of Pakistan he said that the country’s economy is facing external challenges, adding that rising oil prices are a challenge for Pakistan.
He further added that as petrol becomes more expensive, food items can become more expensive and the rising food prices will further increase inflation.
While mentioning the talks with Pakistan he said that the sixth review with Pakistan was successfully concluded and one billion dollars were even released after it.
Read more: IMF objects to PM Imran Khan’s relief package
Talks are underway with Pakistan on economic reforms and they are moving in a positive direction, said Gerry Rice.
Earlier, talks between Pakistan and International Monetary Fund (IMF) reached an impasse after the latter raised concerns over Prime Minister Imran Khan’s relief package.
Sources familiar with the development said that the global lender raised serious objections over the Prime Minister’s Relief Package for slashing down petrol, diesel, and electricity prices as well as granting tax amnesty for the industrial sector.
