Pakistan is likely to sign the staff-level agreement with the International Monetary Fund (IMF) next week, VOS News reported on Saturday.
The signing of staff level agreement with the IMF will clear the way for Pakistan to receive the last tranche of $1.1 billion under the SBA Agreement, the sources said.
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They further said that during the talks with the IMF, Pakistan’s officials assured the international lender of jacking up the electricity tariff from July 1, while monthly, quarterly and yearly fuel adjustments will be slapped on consumers for cost recovery.
The IMF delegation stressed upon Pakistani officials to continue to protect people registered in BISP programme. Furthermore, the International Monetary Fund also demanded to keep strict monetary policy and market exchange rate.
