Federal government may hike gas and power tariff over IMF demand
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ISLAMABAD - International Monetary Fund (IMF) hold second round of talks today in Islamabad to review strategy to increase power and gas tariff and circular debt.
After first round of policy level talks which were held on Monday, the government is expected to increase power and gas tariff and tax net.
During the first round, the officials of Finance Ministry and Federal Board of Revenue (FBR) apprised the IMF delegation on next budget and steps being taken to increase tax.
The IMF delegation, led by its chief Herald Finger, kicked off nearly two weeks talks with Pakistani team on the formal written request of Islamabad for a possible bailout package, which will be country’s 13th bailout.