IMF demands gas tariff increase of 45-53% ahead of winters.

ISLAMABAD -- The International Monetary Fund (IMF), imposing yet another obligation on the federal government, has demanded to increase the gas tariff in the country ahead of winter, media reported citing sources.

Sources said that the government has asked IMF to give them some time to make necessary amends and raise the tariff. The increased tariff would help the government collect a total of Rs786 billion, which will be spent to curtail the circular debt of the country, they added.

An estimate says that the gas tariff could be increased from 45% to 53%. However, the government has ensured the money lender that small consumers would be facilitated and not overcharged.

The new gas tariff would be decided...

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