Pakistan reached a staff level deal with the IMF to receive $1.1 billion loan in April 2024.
This concludes the agreement reached with the IMF by the interim government last year.
A salient point of the deal concerns removal of all subsidies to the public sector.
The government argues that subsidies will henceforth only be given to industries to encourage exports.
Economists say that inflation has steadily risen since the last few years, as a result of which sobering measures need to be taken.
They argue that consistent measures may bring how prices. However, any foreign wars and rise in fuel prices could lead to an increase in the price of essentials.
