Gas, power tariff hikes under IMF fuel inflation: finance minister

• Gas prices rose 840pc, electricity by 110pc; rupee fell 43pc since 2019 • Sugar, wheat, palm oil, crude oil prices also saw major increases ISLAMABAD: The government admitted on Wednesday that a record 840 per cent increase in gas prices, over 110pc rise in electricity tariffs and a 43pc currency depreciation under the International Monetary Fund (IMF) programme have contributed significantly to the unprecedented … Continue reading Gas, power tariff hikes under IMF fuel inflation: finance minister

PM Shehbaz Sharif says we don’t have money to buy oil, gas

ISLAMABAD: Prime Minister (PM) Shehbaz Sharif has said Pakistan doesn’t have money to buy oil and gas, ARY News reported on Tuesday. He was addressing a day-long pre-budget business conference in Islamabad. PM Shehbaz Sharif said since Pakistan’s inception 75 years back, the economic development in the initial 25 years and the economic development after that have a “stark” difference. There can be no economic … Continue reading PM Shehbaz Sharif says we don’t have money to buy oil, gas