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Pak finance minister Ismail warns of default if subsidies not abolished till July

Islamabad [Pakistan], June 14 (ANI): Finance Minister Miftah Ismail on Monday said that Pakistan would default if the government did not abolish subsidies on petroleum products till July.
Ismail said that he had told Prime Minister Shehbaz Sharif to take a tough decision in order to avoid becoming another Sri Lanka, which is currently in economic turmoil. He said that there will be no IMF deal if the petrol products subsi