Government to impose Rs 435 billion new tax on public due IMF pressure
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After increasing petrol and diesel prices on the general public, preparations are underway to raise the gas prices by 435 billion rupees as well. The IMF has demanded a 45% increase in gas rates from the incumbent government, with plans to raise gas prices starting from October 1st, and the new rates taking effect from July 1st, according to reports.
According to details, following the recent increase in petrol and diesel prices burdening the public, there is now the possibility of another destructive price hike.
According to media reports, the IMF is not inclined to offer any relief to Pakistan on the matter of gas price increases. In a message sent to the incumbent government by the IMF, a double-edged demand has been made regarding gas rates. According to media reports, the IMF has demanded a 45% increase in gas rates. If the IMF's demand is met, it will impose an additional burden on the pockets of the public.
It is reported that the IMF has demanded an increase in gas rates, aiming to collect 435 billion rupees. The IMF is not willing to provide any relief in the matter of increasing gas rates.
