A long-awaited loan agreement between Pakistan and the International Monetary Fund (IMF) will be signed once a few remaining points, including a proposed fuel pricing scheme, are settled, an IMF official said on Friday.
Pakistan and the IMF have been negotiating since early February on an agreement that would release $1.1 billion to the cash-strapped, nuclear-armed country of 220 million people.
Petroleum Minister Musadik Malik told Reuters on Friday that his ministry was working out details. It was not a subsidy but a relief programme, he said.
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