current affairs MCQ #7479

Under the IMF SBA 2023, Pakistan agreed to phase out which type of subsidies as a key condition?

current affairs MCQ #7479

  1. Question 1

    Q1. Under the IMF SBA 2023, Pakistan agreed to phase out which type of subsidies as a key condition?

    • A) Agriculture subsidies for small farmers
    • B) Energy and fuel subsidies
    • C) Export subsidies for textile firms
    • D) Education subsidies for public universities

    Answer: Energy and fuel subsidies

    Explanation: Under the 2023 SBA, Pakistan committed to removing energy and fuel subsidies as a key prior action, allowing electricity and gas prices to rise to cost-recovery levels to reduce the fiscal burden and align with IMF's fiscal consolidation requirements.