IMF and World Bank have asked not to give subsidies, says Ishaq Dar

On his visit to the United States, Finance Minister Ishaq Dar said that the purpose of the tour was to attend International Monetary Fund (IMF) and World Bank meetings and to ensure these financial organisations that Pakistan would continue its economic policies.
The finance minister said that the global lenders have asked him not to give subsidies, while he also maintained that Pakistan will complete all promises made to IMF and World Bank.
Speaking on the financial difficulties Pakistan faces due to the floods, the finance minister said that WB and other international agencies had estimated the losses to be at $32.4 billion.
“In addition, $16 billion has been estimated for a flood rehabilitation programme in the country, while the government is already working on a rehabilitation programme for flood affectees,” he said.