The Pakistan government has said that talks with the International Monetary Fund (IMF) on a bailout package will continue over the weekend as the two parties are yet to reach an agreement, the media reported on Saturday.
Late Friday night, the Finance Ministry said only that "we have made good progress in our discussions with the visiting IMF mission. Consultations will continue over the weekend", Dawn news reported.
An informed source said a steep monetary adjustment and fiscal realignments were the key sticking points holding back a final outcome and the IMF had not changed its stance since October last year.
This adjustment, according to the IMF, should be supported by major increases in electricity and gas rates and quick recovery plan for bleeding public-sector entities and explanations to some 'untouchable expenditures'.
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