Pakistan aims to save $1.45 billion with new gas tariff hike ahead of IMF review

Pakistan aims to save $1.45 billion with new gas tariff hike ahead of IMF review

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Tue, 2023-10-31 12:25

ISLAMABAD: Caretaker Energy Minister Muhammad Ali defended the government’s decision to hike gas tariffs in the country on Tuesday, saying it would save Pakistan Rs400 billion ($1.45 billion) and alleviate its circular debt.

Last week, the Economic Coordination Committee (ECC) of the federal cabinet approved the increase in gas prices at a meeting chaired by Finance Minister Dr. Shamshad Akhtar.

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Read the full story at the Arab News Pakistan website.