Islamabad, Pakistan – Web Desk: The International Monetary Fund has urged Pakistan to immediately increase petrol and diesel prices in line with global market rates and eliminate any fuel subsidies, according to officials familiar with ongoing virtual talks between Pakistan and the IMF.
Negotiations between Pakistan and the IMF are continuing through digital channels as part of broader discussions on economic reforms and fiscal stability. Sources said IMF representatives emphasized that fuel prices should reflect international benchmarks and that government subsidies on petroleum products should be removed.
The IMF also called for strict compliance with revenue targets, including the collection of the development levy on petroleum products. Officials highlighted a revenue goal of 1,468 billion rupees from the development levy by June 30, stressing that achieving this target is essential for fiscal consolidation.
Pakistan’s government has previously stated that it seeks to balance economic reforms with measures to protect consumers from sharp price fluctuations. However, rising global energy costs and fiscal constraints continue to shape policy discussions.
Analysts note that adjustments to fuel pricing often influence broader inflation and transportation costs, making the issue politically and economically sensitive. Authorities have not yet announced any immediate changes to petrol or diesel prices.
The talks with the IMF form part of Pakistan’s ongoing efforts to secure financial stability and support economic growth amid global market volatility.
