This story is from October 08, 2021
IMF demands Pakistan increase electricity tariff
ISLAMABAD: The International Monetary Fund (IMF) has demanded Pakistan hike its electricity tariff.
"Electricity tariff should be jacked up by Rs1.40 per unit," the IMF recommended the hike saying it will help the country in controlling the circular debt, ARY News reported.
The fund has asked for more steps to increase income tax, sales tax, and regulatory duties collection and urged the Federal Board of Revenue to take steps in this context.
It is the third day of the virtual talks between Pakistan and the IMF. Negotiations for USD 1 billion loan instalment by IMF are underway and it will continue this week.
In August, the country received USD 2.75 billion from IMF as part of
ARY News
reported."Electricity tariff should be jacked up by Rs1.40 per unit," the IMF recommended the hike saying it will help the country in controlling the circular debt, ARY News reported.
The fund has asked for more steps to increase income tax, sales tax, and regulatory duties collection and urged the Federal Board of Revenue to take steps in this context.
It is the third day of the virtual talks between Pakistan and the IMF. Negotiations for USD 1 billion loan instalment by IMF are underway and it will continue this week.
In August, the country received USD 2.75 billion from IMF as part of
Special Drawing Rights
(SDR) allocations, statedState Bank of Pakistan
(SBP), ARY News reported.Top Comment
Ji
1149 days ago
Jo apni marzi sirf naach gaane ke show karke investarein bulate hai woh bijli ka daam kya pure awam ko bhi girwi rakh sakte hainRead allPost comment
Popular from World
- 'Willingness to lie to the US government': Vivek Ramaswamy criticises US immigration system, advocates reform
- Prince William finds solace in Ella’s company to escape competitive Middleton family games
- Who is Massad Boulos? Donald Trump's pick for adviser on Arab, Middle Eastern affairs
- Syrian government loses control of second-largest city Aleppo for first time in 13 years of civil war
- EAM Jaishankar to brief Lok Sabha today on recent developments in ties with China
end of article
Trending Stories
- SSB Odisha Police admit card 2024 released at odishapolice.gov.in: Check steps to download hall ticket
- 1st group from Shambhu to spend night on road
- The book written by Hindu Guru that Apple founder Steve Jobs ordered to be given at his memorial service
- Canada's scrapping of SDS visa to help Indian students: Government in Lok Sabha
- Mumbai court issues contempt notice to Google CEO Sundar Pichai over “Pakhandi Baba ki Kartut” video
- Long queue at Petrapole border checkpost as Bangladeshi nationals rush to go back home
- Bangladesh stops 63 Iskcon monks from crossing over to India
Visual Stories
- 9 reasons to eat beetroot daily
- How to grow Kiwi from seeds in the balcony garden
- 10 street foods to enjoy in Jaipur
- Sitaphal benefits: 10 reasons to have custard apple
- 10 foods that are typically loved in Mumbai
TOP TRENDS
UP NEXT