Revenue surge, subsidy plans sit well with IMF

• Country exceeds first-quarter revenue target despite economic pressures • Plan to replace power subsidies with targeted BISP support reviewed ISLAMABAD: Robust revenue collection and preparedness to shift electricity subsidies entirely to the Benazir Income Sup­port Programme (BISP) mechanism have placed Pakistan on a positive trajectory in ongoing talks with the International Monetary Fund (IMF). An IMF mission led by Iva Petrova concluded discussions on Wednesday with Federal Board of Revenue (FBR) authorities. Informed sources said the talks highlighted that Pakistan surpassed its…