Electricity, gas prices to be increased as govt accepts IMF demands

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  • ‘The govt has also agreed to make NEPRA and OGRA autonomous bodies’

The federal government has accepted the International Monetary Fund’s demand for increasing electricity and gas prices in the country, a private media outlet reported on Wednesday.

As per details, the consumers would pay Rs340 billion in three years on account of electricity and gas. The government has also agreed to make the National Electric Power Regulatory Authority (NEPRA) and the Oil and Gas Regulatory Authority (OGRA) autonomous in setting the prices of electricity and gas.

It is pertinent to mention that the prime minister had last month asked Asad Umar to resign from the finance minister’s post. As per media reports, the surprise move was made owing to Asad Umar’s failure in chalking out a feasible bailout progamme with the IMF.

Following the ouster of Asad Umar from the federal cabinet, the government appointed Abdul Hafeez Shaikh, a finance expert known for connections in the IMF and other international institutions, as the prime minister’s adviser on finance.

Meanwhile, in a recent reshuffle, the government removed the State Bank governor and the Federal Board of Revenue (FBR) chairman primarily for “failing to produce to the desired results”.

On Sunday, Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan had said Dr Reza Baqir, an IMF staffer, had resigned from the international lending institution to serve Pakistan.

“We welcome Reza Baqir as Governor State Bank of Pakistan. He has come to support Prime Minister Imran Khan on the economic front,” Dr Firdous Ashiq Awan had said while talking to media in Islamabad. “In Naya Pakistan of Imran Khan, talent is valued.”

5 COMMENTS

  1. Dear Prime Minister and his Cabinet ,

    why corruption money /lotted money come back from every defaulter /culprit person rather than to shift the increasing price burden to consumer to the tune of Rs 340.00 Billion in three years on account of electricity and gas.

    every ones better knows about the corruption of former federal minister Dr Asim Hussain, ex-petroleum secretary Ejaz Chaudhry and others in an over Rs 460 billion corruption.

    as per The National Accountability Bureau had filed the reference against Dr Asim in February, alleging that the former petroleum minister had deprived the state of Rs462.5bn between 2010 and 2013 — Rs450bn through the fertilizer scam, Rs9.5bn through land fraud and Rs3bn through money laundering

    So, keeping in view of such huge scam ,IK should take a serious action against them and our Pak Army as well as.

  2. Respected Prime Minister, Cabinet Member & Pak Army ,
    why corruption money /lotted money come back from every defaulter /culprit person rather than to shift the increasing price burden to consumer to the tune of Rs 340.00 Billion in three years on account of electricity and gas as it going to be decided in IMP ball out package.
    So, every ones better knows about the corruption of former federal minister Dr Asim Hussain, ex-petroleum secretary Ejaz Chaudhry and others in an over Rs 460 billion corruption.
    as per The National Accountability Bureau had filed the reference against Dr Asim in February, alleging that the former petroleum minister had deprived the state of Rs462.5bn between 2010 and 2013 — Rs450bn through the fertilizer scam, Rs9.5bn through land fraud and Rs3bn through money laundering
    So, keeping in view of such huge scam ,IK should take a serious action against them and our Pak Army as well as.

    So please safe Pakistan as well as nation of Pakistan.

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