Petrol subsidy puts govt, IMF at odds
Talks between Pakistani authorities and the International Monetary Fund (IMF) hit a deadlock over fuel prices and writing off Rs1.4 trillion receivables of gas companies as the global lender reiterated to waive payments and give any subsidy through a targeted mechanism. However, despite reservations there were no chances that the government would prematurely end the fuel compensation scheme for motorcyclists and small-car owners but its extension beyond three months may not be possible, the authorities said on condition of anonymity.