PTI government scuumbs to IMF demands
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ISLAMABAD - PTI government scuumbs to IMF demands of raising gas and electricity prices in Pakistan.
The federal government has accepted the International Monetary Fund’s demand for increasing electricity and gas prices in the country, a private media outlet reported link on Wednesday.
As per details, the consumers would pay Rs340 billion in three years on account of electricity and gas. The government has also agreed to make the National Electric Power Regulatory Authority (NEPRA) and the Oil and Gas Regulatory Authority (OGRA) autonomous in setting the prices of electricity and gas.
It is pertinent to mention that the prime minister had last month asked Asad Umar to resign from the finance minister’s post. As per media reports, the surprise move was made owing to Asad Umar’s failure in chalking out a feasible bailout progamme with the IMF.
