IMF calls for privatization of government institutions, increase in price of electricity, gas and petrol

IMF calls for privatization of government institutions, increase in price of electricity, gas and petrol

Islamabad: The International Monetary Fund (IMF) has presented other demands to the government including privatization of loss-making public institutions, increase in electricity and gas prices. According to the sources, the technical negotiations between the IMF and Pakistan have ended. In the negotiations, the IMF demanded Pakistan to increase electricity and gas tariffs, to impose 18%…

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Non-availability of dollars and disruptions in the logistics chain have disrupted the production of refineries

Non-availability of dollars and disruptions in the logistics chain have disrupted the production of refineries

Due to non-availability of dollars and disruption in the logistics chain, the production of refineries began to be disrupted. Sunar Jeko Refinery has written to the Ministry of Energy and informed that the refinery will remain closed till February 9. The letter states that the refinery will start production from February 10 when the crude…

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