The federal government has accepted the demand of the International Monetary Fund (IMF) of increasing electricity and gas prices in the country. The consumers will pay Rs 340 billion in three years for electricity and gas. The government has also agreed to make the National Electric Power Regulatory Authority (NEPRA) an autonomous body to set electricity prices. Sources said that among industrial consumers, only exporters would be given limited subsidy. They said the Oil and Gas Regulatory Authority (OGRA) will also be made autonomous in setting the prices. On May 5, Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan had said that Dr Reza Baqir had resigned from the International Monetary Fund (IMF) to serve Pakistan. “We welcome Reza Baqir as governor of the State Bank of Pakistan (SBP). He has come to support Prime Minister Imran Khan on the economic front,” Dr Firdous Ashiq Awan had said while talking to media in Islamabad.
Govt accepts IMF demand of increasing power, gas tariffs
The federal government has accepted the demand of the International Monetary Fund (IMF) of increasing electricity and gas prices in the country. The consumers will pay Rs 340 billion in three years for electricity and gas. The government has also agreed to make the National Electric Power Regulatory Authority (NEPRA) an autonomous body to set […]
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