IMF’s response on electricity will come by Monday, government, gas price hike announcement

Addressing a press conference after the meeting, federal ministers mentioned that an increase in gas prices would be implemented to cover annual losses of over three hundred billion rupees. A response from the International Monetary Fund (IMF) regarding relief in electricity tariffs is expected by Monday. Talks are underway with the IMF for relief of 500 to 600 billion rupees. They also stated that there is an excess stock of more than 2 million tons of sugar, and efforts will be made to curb smuggling.