May 14: The News reported that to revive the stalled IMF programme under the $6 billion Extended Fund Facility (EFF), the government will have to hike the electricity tariff by Rs7.14 per unit through base price and fuel price adjustments as well as increasing the petrol prices in a gradual manner.
Pakistan requires Rs1.4tr in subsidies to keep POL prices unchanged
May 21: The News reported that the International Monetary Fund (IMF) has estimated that Pakistan requires Rs1,416 billion in subsidies for keeping the POL prices unchanged on an annual basis at the prevalent existing prices in the international market, so Islamabad will have to reverse fuel subsidies for achieving fiscal prudence.
Alarm sounded as water levels in Indus drop once again
May 21: Dawn reported that although Sindh has recently shown a marginal improvement in the overall availability of water at three barrages, the latest figures for downstream flows at the Tarbela dam and the Chashma barrage have set alarm bells ringing once again.