Pakistan: Government hikes gas tariff by 193 percent
Giving more burden on the shoulders of people, the Pakistan government on Monday accepted a massive hike in gas tariff.
The move is expected to give a tough challenge to inflation-weary masses of the financial crisis-hit nation.
The Economic Coordination Committee (ECC) of the Cabinet, which met in the federal capital with Finance Minister Dr Shamshad Akhtar in the chair, gave approval for the hike in the gas tariff up to 193% starting from November 1, 2023, reports Geo News.
The development comes ahead of the International Monetary Fund (IMF) review scheduled later this month that had asked Pakistan to cut the ballooning circular debt in the energy sector.
As per the approved summary, the fixed monthly charges for protected consumers were revised upward from Rs10 to Rs400 and for non-protected from Rs460 to Rs1000 and for higher slabs up to Rs2000, the news channel reported.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
Love in Canberra! Australian PM Albanese ties the knot with Jodie Haydon
Australian Prime Minister Anthony Albanese married his partner Jodie Haydon on Saturday, becoming the first sitting leader in the country to wed while in office.
Operation Sagar Bandhu: India sends NDRF teams, 21 tonnes of aid to cyclone-ravaged Sri Lanka
Colombo/IBNS: The Indian Air Force (IAF) on Saturday transported 21 tonnes of relief supplies, more than 80 National Disaster Response Force (NDRF) personnel, and eight tonnes of specialised equipment to Sri Lanka to support thousands displaced by severe flooding.
US: National Guard member Sarah Beckstrom, who was shot by Afghan national Rahmanullah Lakanwal, dies, announces Trump
US President Donald Trump on Thursday announced that one of the National Guard members, who was shot by a gunman in Washington DC, close to the White House, has died.
Horror in Hong Kong: Deadly fire disaster leaves 94 dead and a city in shock
The death toll in the Hong Kong high-rise housing complex blaze, one of the deadliest recorded in the region in recent times, has touched 94, media reports said.
Latest News
Can’t miss horror! Dies Irae starring Pranav Mohanlal hits Jio Hotstar December 5
UN alerts: Global measles cases surge as 30 million children miss vaccines
Love in Canberra! Australian PM Albanese ties the knot with Jodie Haydon
Tota, Abir and Mimi to star in Srijit Mukherji’s new film ‘Emperor vs Sarat Chandra’
