IMF seeks further increase in electricity tariffs
Islamabad: Pakistan may have to raise electricity prices further and revise down its primary fiscal surplus of Rs 417 billion for the first quarter after the International Monetary Fund (IMF) did not accept the government’s position on fiscal numbers and circular debt. The global lender also raised questions about the role, mandate and powers of the Special Investment Facilitation Council (SIFC) during a briefing by Pakistani authorities on Monday. He raised concerns about SIFC’s expansive role and immunity in its decisions from accountability. In a related development, the government has proposed a 40% tax on around Rs 110 billion in
