Talks between Pak, IMF for release of $1 billion loan tranche remains inconclusive: report
The Hindu
The talks failed despite Pakistan having implemented a prior condition of increasing electricity and petroleum products prices
The fresh round of talks between Pakistan and the International Monetary Fund (IMF) for the release of $1 billion loan tranche and a good economic certificate to the nation has remained inconclusive, a media report said on October 17.
The talks held from October 4 to 15 failed to reach a staff level agreement because of differences over the macroeconomic framework and uncertainty over the future of Pakistan's economy, The Express Tribune reported.
The talks failed despite Pakistan having implemented a prior condition of increasing electricity and petroleum products prices. However, both sides have shown resolve to remain engaged.
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