IMF seeks clarification on plan to reduce revolving credit - Money

IMF seeks clarification on plan to cut back revolving credit score – Cash

Economy By Aug 23, 2023 No Comments



Digital communication has taken place between the Worldwide Financial Fund (IMF) and Finance Ministry officers.

In keeping with the officers, in the course of the talks, a brand new plan to cut back the revolving debt of the gasoline sector was mentioned, the IMF sought additional clarification on the plan to cut back the revolving debt of the gasoline sector.

In keeping with Finance Ministry sources, caretaker Finance Minister Dr. Shamshad Akhtar may also discuss to the IMF.

In keeping with the sources, the dividend scheme has been launched to cut back the gasoline sector revolving debt, the dividend plug-in again scheme will scale back the revolving debt by greater than 400 billion.

In keeping with the authorities, the revolving debt of the gasoline sector shall be decreased to 1200 billion with the plug-in again scheme.



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