Published 1 year ago

Pakistan nearly doubles gas prices to meet IMF bailout terms

Summary by Ground News

The government's bid to revive a $6 billion bailout from the International Monetary Fund hiked the price of natural gas from 16% to 112%. A similar increase in the prices of electricity is expected to be announced this week. A critical $1.2 billion portion of the 2019 bailout has been stalled since December, with the IMF urging Pakistan to raise more cash.

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Associated Press News

Pakistan nearly doubles gas prices to meet IMF bailout terms

Officials say Pakistan’s government nearly doubled tariffs on natural gas in an effort to comply with a long-stalled bailout by the International Monetary Fund. Tuesday's hike for domestic and industrial

1 year ago·United States

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Winnipeg Free Press

Pakistan nearly doubles gas prices to meet IMF bailout terms

1 year ago·Winnipeg, Canada

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National Post

Pakistan nearly doubles gas prices to meet IMF bailout terms

ISLAMABAD (AP) -- Cash-strapped Pakistan nearly doubled natural gas taxes Tuesday in an effort to comply with a long-stalled financial bailout, raising concerns that the hardship could pass to consumers in the impoverished south Asian country.

1 year ago·Canada

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San Diego Union Tribune

Pakistan nearly doubles gas prices to meet IMF bailout terms

Pakistan nearly doubles gas prices to meet IMF bailout terms MUIR AHMED and RIAZ KHAN Feb. 14, 2023 Cash-strapped Pakistan nearly doubled natural gas taxes Tuesday in an effort to comply with a long-stalled financial bailout, raising concerns that the hardship could pass to consumers in the impoverished south Asian country. The government's bid to revive a $6 billion bailout from the International Monetary Fund hiked the price o…

1 year ago·San Diego, United States

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My Mother Lode

Pakistan nearly doubles gas prices to meet IMF bailout terms

ISLAMABAD (AP) — Cash-strapped Pakistan nearly doubled natural gas taxes Tuesday in an effort to comply with a long-stalled financial bailout, raising concerns that the hardship could pass to consumers in the impoverished south Asian country. The government’s bid to revive a $6 billion bailout from the International Monetary Fund hiked the price of natural gas for domestic and industrial consumers from 16% to 112%, shocking many Pakistanis who …

1 year ago

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Wral News

Pakistan nearly doubles gas prices to meet IMF bailout terms

Cash-strapped Pakistan nearly doubled natural gas taxes Tuesday in an effort to comply with a long-stalled financial bailout, raising concerns that the hardship could pass to consumers in the impoverished south Asian country.

1 year ago·Raleigh, United States

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