To comply with IMF conditions: 15pc hike in power tariff on the cards

Pakistan and IMF have agreed on four prior actions including notifying hike in electricity tariff by around 15% and establishment of an independent committee for determination of market based flexible exchange rate. Other prior actions agreed with the IMF included taxation measures and reforms in FBR undertaken through upcoming Finance Bill 2019 on the eve of budget FY20 and policy rate hike considered by Monetary Policy Committee (MPC) in its upcoming meeting.

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