Aurangzeb discusses targeted fuel subsidies in meeting with senior IMF official

Finance Minister Muhammad Aurangzeb met International Monetary Fund (IMF) Deputy Managing Director Nigel Clarke in Bangkok on Wednesday, with their discussion covering targeted fuel subsidies among other matters. Aurangzeb “outlined targeted fuel subsidies to protect vulnerable groups and preserve social cohesion” during the meeting, a statement issued by the finance ministry said. The government has already rolled out a fuel subsidy scheme for the users of motorcycles, autos and vehicles of up to 800cc to amid rising global oil prices. Days after its announcement on Sept 13, Prime Minister…