The International Monetary Fund has asked Pakistan to increase gas prices as part of its negotiations for the new loan program.
According to sources, the IMF has proposed a gas price hike for domestic, fertilizer, CNG, and cement sectors from August, with an increase of Rs 100-400 per month for protected and non-protected consumers. However, the IMF suggests no gas price hike for commercial users, including tandoors.
To reduce circular debt in the gas sector, three plans have been shared with the IMF, and discussions have also taken place on a dividend scheme to achieve this goal, sources added. Additionally, the IMF has proposed a gas price hike for fertilizer plants. Sources further added, an agreement has been reached on sharing data on subsidies, reforms, and tariffs with the IMF in a timely manner.
Earlier, the International Monetary Fund mission demanded Pakistani authorities to impose tax on monthly pensions exceeding Rs 100,000.
