However, the IMF is still not much satisfied with these efforts. The IMF mission is still stuck on the condition of raising electricity prices. IMF wants the price of electricity to be increased from Rs 12.50 per unit to Rs 14 per unit. IMF has also suggested to increase tax collection and reduce expenses. Those dealing with the IMF from Pakistan are facing the most difficulty on terms of electricity. This is because the IMF clearly says that subsidies should be removed from electricity prices.
Talks may end by February 9
According to media reports, a senior Finance Ministry official said that the talks at the technical level ended on Monday. After this, the IMF will hold talks at the policy level. The official said that we are hopeful that the talks can take their final form on 9 February. The Pakistani side is constantly negotiating with the IMF that consumers with 300 units should get relief. At the same time, the IMF says that only consumers with a consumption of 200 units should get the rebate.
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IMF deal will increase difficulties
For Pakistan, the economy has reached a well ahead, ditch behind situation. Even if Pakistan does not get the bailout package, it will be ruined and if it accepts the conditions of the IMF, then difficulties will increase for it. According to Sajid Tarar, an expert on Pakistani affairs in America, if the deal happens, about 20 million Pakistanis will lose their jobs. The law and order situation will deteriorate and the manufacturing sector will suffer a major setback. Corruption is also expected to increase.