Islamabad: IMF and Pakistan’s government have agreed over a two percent raiseĀ in power tariff to contain the country’s fiscal deficit. After meeting between officials of the two sides, it emerged that agreement had been reached on raising power tariff. The government has been postponing power tariff raise despite insistence of IMF.
Besides this move, the government has also promised to impose 15 percent flood surcharge.
Meanwhile, FBR chairman Salman Siddique has said that the cut in sales tax on sugar will be withdrawn. This will result in increase in price of sugar.
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