PM says IMF raises no serious concerns over Rs100 fuel subsidy after meeting Georgieva at UNGA
IMF chief hails Pakistan’s reform implementation, saying it helped preserve stability and restore confidence
Prime Minister Shehbaz Sharif met with International Monetary Fund (IMF) Managing Director Kristalina Georgieva at the United Nations General Assembly in New York. During the meeting, Shehbaz did not hear any serious concerns from Georgieva regarding Pakistan's targeted fuel subsidy of Rs100 per litre. The prime minister explained to Georgieva the challenges Pakistan faces, especially for low-income individuals.
He emphasized that the subsidy is being distributed through a transparent and comprehensive system, ensuring that the most vulnerable are protected. Earlier in the month, Shehbaz introduced a relief scheme providing Rs100 per litre off fuel for motorcycles, three-wheeler rickshaws, and cars with engines up to 800cc, aiming to shield lower-income consumers from rising petroleum prices.
The IMF praised Pakistan's economic reforms, stating that successful implementation has helped stabilize the country, restore confidence, and regain access to markets. Georgieva reiterated her support for Pakistan's reform program, emphasizing that continued reforms will boost economic growth and improve people's lives. Shehbaz expressed gratitude for the IMF's ongoing support and reaffirmed his government's commitment to the reform program.
Both leaders discussed Pakistan's upcoming IMF programme review and their continued cooperation to advance reforms, enhance economic resilience, and support sustainable growth.
Written by urgent.news from The Express Tribune - Pakistan's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
