Pakistan, Aug. 4 -- Petroleum Minister Ali Pervaiz Malik has said that Pakistan is engaging with the International Monetary Fund (IMF) to explore greater flexibility in its fuel pricing mechanism, including the possibility of introducing a dynamic grid and a price stabilisation fund.

Speaking in an interview to Aaj News on Monday, the petroleum minister said the government's finance team was already discussing the matter with the IMF

"Do we have the flexibility to buffer the price increase impact? I don't think we do. But our finance team is engaged with the IMF.

"The IMF mission will also be coming in August-September, and I will also request them as well that perhaps we need a dynamic grid, so that when prices are high, the levy can ...