{"id":52046,"date":"2019-05-13T12:41:00","date_gmt":"2019-05-13T07:41:00","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=52046"},"modified":"2019-05-13T12:41:00","modified_gmt":"2019-05-13T07:41:00","slug":"imf-bailout-package-finalised","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/imf-bailout-package-finalised.html","title":{"rendered":"IMF bailout package finalised"},"content":{"rendered":"<p>Islamabad: The federal government and the International Monetary Fund (IMF) have reached a staff-level agreement on a bail-out package worth USD 6 billion intended for disbursement in the country, a news source reported.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/govt-imf-agree-single-value-added-tax-regime.html\">Govt &amp; IMF agree upon single value-added tax regime<\/a><\/p>\n<p>Adviser to the Prime Minister (PM) on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh said that the country would receive the said package over a staggered period of three years.<\/p>\n<p>He added that Pakistan would also receive funds, in addition to this bailout grant, worth USD 2-3 billion from several international institutions including the World Bank (WB) and the <a href=\"https:\/\/www.zameen.com\/news\/adb-links-lending-policy-with-imf-bailout-package.html\">Asian Development Bank (ADB)<\/a>.<\/p>\n<p>He stated that the <a href=\"https:\/\/www.zameen.com\/news\/imf-presses-for-more-revenue-collection.html\">conditions of the IMF programme<\/a> have made it mandatory for the government to raise prices in some economic sectors to recover costs. However, the executive will provide additional funds\u2013of its own accord\u00ad\u2013in order to minimise the burden on the common man.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/imf-extends-support-to-uplift-pakistans-economy.html\">IMF extends support to uplift Pakistan\u2019s economy<\/a><\/p>\n<p>These subsidies will be introduced as part of the upcoming budget for the (fiscal year) FY2019-20. The proposed programmes include an allocation of PKR 50 billion for an electricity subsidy, and PKR 80 billion for social schemes such as \u2018Ehsaas\u2019 and the \u2018Benazir Income Support Programme\u2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government and the International Monetary Fund (IMF) have reached a staff-level agreement on a bail-out package worth USD 6 billion intended for disbursement in the country, a news source reported. Read:\u00a0Govt &amp; IMF agree upon single value-added tax regime Adviser to the Prime Minister (PM) on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh said that the country would receive the said package over a staggered period of three years. He added that Pakistan would also receive funds, in addition to this bailout grant, worth USD 2-3 billion from several international institutions including the World Bank (WB) and the Asian Development Bank (ADB). He stated that the conditions of the IMF programme have made it mandatory for the government to raise prices in some economic sectors to recover costs. However, the executive will provide additional funds\u2013of its own accord\u00ad\u2013in order to minimise the burden on the common man. Read:\u00a0IMF extends support to uplift Pakistan\u2019s economy These subsidies will be introduced as part of the upcoming budget for the (fiscal year) FY2019-20. The proposed programmes include an allocation of PKR 50 billion for an electricity subsidy, and PKR 80 billion for social schemes such as \u2018Ehsaas\u2019 and&hellip;<\/p>\n","protected":false},"author":67,"featured_media":45749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[11620],"persona":[],"class_list":{"0":"post-52046","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-imf-bailout-package-finalised"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IMF bailout package finalised - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government and the International Monetary Fund (IMF) have reached a staff-level agreement on a bail-out package worth USD 6 billion\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/imf-bailout-package-finalised.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF bailout package finalised - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal government and the International Monetary Fund (IMF) have reached a staff-level agreement on a bail-out package worth USD 6 billion\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/imf-bailout-package-finalised.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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