Stresses need for consolidating fiscal position; vows govt committed to reviving IMF programme.
Fund irked by govt’s indecision on fuel, power subsidies and previous regime’s violation of $6bn programme commitments.
Says the context of the deal has changed from the time it was negotiated; calls for keeping "Pakistan's word to plead its cause".
Says "will bring good news"; claims IMF team refused to come to Pakistan because of Imran Khan's planned march to Islamabad.
Likely to revise fuel, electricity prices within days and ban import of 30 luxury items, including vehicles and mobile phones.
Says some of the factors that adversely affected the economic situation "were beyond the control of the govt".
Minister says talks are focused on subsidies given by PTI govt as Fund believes these are not sustainable.
It is time for those who have lived off the average Pakistani citizen to pay larger costs to stabilise the economy.
Miftah hints at withdrawing Rs21 per litre subsidy on petrol, besides further increasing fuel prices.
Decision subject to a complete reversal of recently imposed subsidies; SBP autonomy will not be withdrawn.
Miftah expresses inability to continue subsidy on petroleum products, says ex-PM Imran laid "trap" for his successors.
“We can't afford to do the subsidies that we're doing. So we're going to have to curtail this,” says finance minister.
Says "we had a good meeting with the IMF Executive Board", reiterated present govt's commitment to reform process.
Embassy in Washington says finance minister will spend four days in US and attend IMF and WB meetings.
Finance minister says top priority is to secure $1bn tranche, will be meeting Nawaz in London on the way to Washington.
Miftah says securing $1bn tranche "top priority", rules out abrupt increase in fuel prices.
Pakistani delegation likely to meet fund officials this week in Washington.
Sources say IMF has promised to work out measures for financial and economic stability and move towards building buffers.
Finance adviser in-waiting accuses PTI government of leaving behind unprecedented economic mess.
Rupee has lost more than 3pc, or Rs5.4, in value since March 8 – when the no-trust motion was submitted in the NA.
Fund’s country rep says "no concept of suspension" in IMF programme.
Financial services question Islamabad’s ability to continue reforms agreed with IMF.
Finance ministry hopes to take its case to the Fund’s executive board.
Govt must make the wealthy contribute a larger share in taxes rather than imposing any more burden on those already struggling.
Sources say the IMF has raised questions about the impact of relief measures announced by the govt and their financing guarantees.
Finance minister makes it clear there are no more outstanding issues as the IMF only wants to ascertain sources of funding.
Fund seeks details of proposed cuts to development funds.
Expresses concern over govt’s ‘one step forward, two steps back’ approach on critical reforms.
Says recent amnesty scheme may “smell dirty”, but it’s not.
The discussions will continue for over 10 days, says official.