In a move set to impact domestic consumers and key industries, the government is reportedly considering further price hikes for essential commodities. Sources reveal that proposals are on the table to escalate prices for electricity, fertilizer, compressed natural gas (CNG), and cement.
Electricity Tariffs Under Scrutiny
One of the focal points of the proposed measures is the adjustment of electricity tariffs, with discussions revolving around an increase ranging from Rs100 to Rs400 for both protected and non-protected consumers. This potential surge in electricity bills has sparked concerns among the populace already grappling with economic challenges.
Gas Sector Reforms and Circular Debt
In negotiations with the International Monetary Fund (IMF) mission, the government has outlined plans aimed at restructuring the gas sector. While proposals to hike gas prices for various sectors, including fertilizer plants, were put forth, a notable exemption was suggested for commercial roti tandoors. The discussions also delved into strategies to mitigate the circular debt plaguing the gas sector, with emphasis placed on tariff revisions and reform initiatives.
Collaborative Efforts with IMF
Acknowledging the imperative of collaboration with international financial bodies, the government has committed to sharing timely data regarding recoveries, reforms, and tariffs with the IMF. This cooperative stance underscores the government’s resolve to address economic challenges through concerted efforts and transparency.
Sector-Specific Developments
In parallel developments, the Sui Southern Gas Company (SSGC) has announced a ‘gas holiday’ for all industries in Sindh, potentially offering temporary relief amidst the ongoing deliberations on gas tariffs. Additionally, the government’s struggles to mitigate load shedding have led to contemplations of imposing burdens on solar panel users, reflecting the complexities of energy management in the country.
Judicial Intervention on Kashmiri Poet
Meanwhile, the Islamabad High Court (IHC) has issued a four-day ultimatum to the Attorney General of Pakistan (AGP) to facilitate the recovery of a Kashmiri poet, underscoring the multifaceted challenges facing the government on both domestic and international fronts.
As deliberations continue and proposals are weighed, the government faces the intricate task of balancing economic imperatives with the welfare of its citizens, amidst a backdrop of evolving challenges and judicial mandates.
