Islamabad: (RightNow). The International Monetary Fund (IMF) demands deregulation of the sugar sector. The Sindh government terms the central sugar policy as interference in provincial autonomy.

The government has begun preparing economic and financial policies in response to IMF demands. Negotiations are ongoing with officials from the Ministry of Petroleum and Power Division.

Sources indicate another meeting between IMF and Ministry of Finance officials will occur today. The IMF also calls for ending tax exemptions on electric vehicles (EVs) in the auto policy.

The IMF demands fuel subsidies be limited to small vehicles. The government is considering IMF conditions regarding the Prime Minister’s fuel subsidy.

It is noteworthy that the IMF mission has completed negotiations with the Ministry of Privatization and FBR officials. Discussions on the privatization of DISCOs and line losses are ongoing.