Tuesday, January 18, 2022  | 14 Jamadilakhir, 1443
Samaa TV
Facebook Twitter Youtube
HOME > Economy

IMF bailout package: Pakistan agrees to increase tariffs, reduce power subsidy

SAMAA | - Posted: Jul 4, 2013 | Last Updated: 9 years ago
SAMAA |
Posted: Jul 4, 2013 | Last Updated: 9 years ago

Staff ReportISLAMABAD: Pakistan government has agreed to reduce subsidy and increase electricity tariffs in return for $5.3 billion bailout package from the International Monetary Fund, SAMAA reports.According to a spokesman of the Finance Ministry, during talks with the IMF representatives the government has agreed to gradually eliminate power subsidy and increase tariffs.Finance Minister Ishaq Dar is expected to announce details of the loan agreement with the IMF during press conference later this evening, the spokesman added.He claimed that the government is securing IMF loan in the national interest and on its own terms.After securing loaning program of the IMF additional funding of up to $6 billion is also likely from other multi-lateral donors like the World Bank and Asian Development Bank. – SAMAA

FaceBook WhatsApp
 
HOME  
 
 

Tell us what you think:

Your email address will not be published.

FaceBook WhatsApp
 

 
 
 
 
 
 
 
 
About Us   |   Anchor Profiles   |   Online Advertising   |   Contact Us   |   Feedback   |   Apps   |   FAQs   |   Authors   |   Comment Policy
Facebook   |   Twitter   |   Instagram   |   YouTube   |   WhatsApp