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Pak ministries at odds over IMF condition on gas supply cut to industries

Business Standard LogoBusiness Standard5h ago

Pak ministries at odds over IMF condition on gas supply cut to industries - Business Standard

Quick Summary:

During a recent meeting at the prime minister's house, the Petroleum Division, a part of the energy ministry, claimed that the finance ministry accepted the condition despite its reservations at the time of the programme negotiations, The Express Tribune newspaper reported on Saturday.

Pakistan's finance and energy ministries are at loggerheads over meeting a key IMF condition to reduce gas supplies to industrial power plants by January, highlighting shortcomings in the negotiation of the USD 7 billion agreement.

However, the finance ministry insisted that the Petroleum Division was fully on board at the time of the negotiations with the International Monetary Fund (IMF) and was now changing its position.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-23 @ 13:20:45 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23776491

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 205 posts per day

Year Established: 1975

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News Last Updated: 2 hours ago

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Publisher ID: #49

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