Pakistan government fulfills yet another demand of IMF
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Islamabad: The government, while fulfilling the IMF's conditions, has decided to increase gas prices by over 100% before the winter.
According to the sources in the Ministry of Finance, there is concern about a 46 billion rupee increase in circular debt in the gas sector during the current fiscal year, and this increase in circular debt has raised concerns from the International Monetary Fund (IMF) regarding the increase in debt.
Sources say that from July to September, gas companies have incurred an additional 46 billion rupees in losses, and the circular debt in the gas sector has reached up to 270 billion rupees.
The dollar has become cheaper. According to sources, the decision to increase gas prices by more than 100% has been made before the economic survey.
Sources say that if the price of Swi gas is not increased, there will be a shortfall of 18.5 billion rupees, and if the prices of RLNG for domestic consumers are not increased, there will be a shortfall of 21 billion rupees.
Sources say that a summary has been prepared for the Economic Coordination Committee (ECC) in view of the price increases, which will be presented in the upcoming ECC meeting.
