Pakistan raises gas tariffs to meet its IMF bailout commitments

Pakistan boosted gas tariffs for the first time in nine months as it tries to meet commitments for a $6 billion International Monetary Fund bailout package.
 

The increase in the charges range from 173 Pakistani rupees per metric million British thermal unit (mmbtu) to 463 Pakistani  rupees/mmbtu for domestic consumers, according to the Pakistan Oil and Gas Regulatory Authority’s notification.
 

Prime Minister Imran Khan’s adminsitration reached an accord for a bailout package with the IMF in May, in which it committed to curtail energy-sector losses. The loan package is subject to the approval of the fund’s executive board.

The government last