Finance Minister AHM Mustafa Kamal has said that he did not get any proposal from International Monetary Fund (IMF) over hiking the prices of petroleum and power as a precondition for providing loans.
“IMF didn’t give any proposal over hiking power and petroleum prices,” he said responding to a question from a reporter.
He was briefing reporters after the two consecutive meetings of the Cabinet Committee on Economic Affairs and Cabinet Committee on Government Purchase on Wednesday.
The finance minister was asked the question referring to a media report that IMF has proposed increasing the prices of power and petroleum as a precondition to providing a $4.5 billion bailout loan.
He advised the reporters not to spread any misleading information for the sake of the interest of the country.
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Defending his position about such a move of the government to allow whitening of black money, he said money turns black due to the government system.
At the same time, the finance minister also said that the country’s economy will return to a stable position within months as everything is moving on the right track.
“Many countries in the world including the Europeans have been experiencing high inflation,” Kamal said.
