Islamabad, ANI. In the midst of severe power crisis in Pakistan, the government has increased the problems of the people. After the increase in the prices of petrol and diesel, the government has announced a big increase in the electricity rate by Rs 7.14 per unit. The Shahbaz Sharif government believes that this will help in restarting the stalled International Monetary Fund (IMF) program.
Petrol prices will continue to rise in Pakistan
According to The News International, the Pakistan government has announced that it is going to increase electricity rates under the IMF’s $ 6 billion Extended Line of Credit (EFF). According to him, petrol prices will continue to rise, while diesel will be subsidized. The Shahbaz government has appealed to the state governments to help the Center by reducing fuel prices.
Big blow to the people of Pakistan in this era of inflation
According to a government official, the base price of electricity will be increased by Rs 4.79 per unit, while the fuel price will also be increased by Rs 2.35 per unit subject to adjustment. Overall, the electricity rate will increase by Rs 7.14 per unit. The IMF has also been demanding an increase in electricity rate by Rs 7.14 per unit for power reforms and reducing fiscal deficit in Pakistan. However, in this era of inflation, it will be a big blow for the people of Pakistan.
Pakistan wants business relations with India
On the other hand, on the other hand, the Shahbaz Sharif government of Pakistan has indicated to bring business relations with India back on track. Pakistan has decided to appoint a trade minister after five years in the High Commission in New Delhi. The proposal for the appointment of Qamar Zaman to this post was approved in the cabinet meeting chaired by PM Shahbaz Sharif.
Credit: www.jagran.com /