Islamabad: (RightNow). The International Monetary Fund (IMF) has urged Pakistan to ensure financial stability and reduce the rising circular debt. The IMF mission has emphasized the need for continuous actions by Pakistani authorities to control circular debt in the energy sector.

Pakistani officials have assured the IMF that structural reforms will continue despite the Gulf War. They stated that the burden of rising fuel prices will be passed on to the public, but subsidies will be introduced for vulnerable groups.

Sources indicate that the government will regulate and monitor the financial conduct of public employees. Details of officials’ assets will be available on the website to maintain transparency.

The IMF will begin policy-level discussions with the economic team on Monday. These talks will focus on Pakistan’s economic strategy.

It is noteworthy that the IMF has repeatedly instructed Pakistan to take necessary steps for financial stability. Pakistan faces financial challenges due to the burden of debts.