Gas rates for industry hiked to meet IMF demand
• Govt notifies 9pc increase in gas rates for industrial captive power units
• Blocks Rs133bn relief in average gas rates for all other consumers
ISLAMABAD: To meet a “prior action” of the International Monetary Fund (IMF), the government on Sunday notified an increase of about 9 per cent in gas rates for industrial captive power units with effect from July 1 (today) but blocked about 15pc (Rs133 billion) relief in average gas rates accruing from lower international oil prices for all other consumers.
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