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Discussions between Pakistan and the International Monetary Fund for a $1 billion loan payment have not reached an agreement. The IMF has objected to a proposed 1 trillion rupee subsidy for the country's power sector.
Separately, the International Monetary Fund said the global economy is being tested by the conflict in the Middle East, which could affect oil prices. The organization said it is ready to help countries that are squeezed by an oil price shock.
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