(Digital Itla) Virtual negotiations between Pakistan and the International Monetary Fund (IMF) regarding a settlement plan for the gas sector's 3.3 trillion PKR circular debt ended without agreement. The IMF proposed that uncollected dues of state gas companies be booked as losses rather than receivables, followed by recapitalization. Pakistani Petroleum Division officials rejected this condition due to the risk of drastically reducing gas company share values. Final negotiations on the settlement plan have been postponed until September.
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