The heat of inflation in electricity prices in Pakistan has been growing steeply with prices soaring, leading to social unrest in the society, and the situation will need Islamabad to undertake a number of comprehensive efforts, The News International reported.
Every day in Pakistan, more people are joining the nationwide protest against excessive electricity prices. As a form of protest, people are taking to the streets and burning their banknotes, ARY News reported.
Even though Pakistan has been able to secure an International Monetary Fund (IMF) bailout, the road ahead is not going to be easy, as after electricity rates, Islamabad is planning to jack up gas prices as well by over 45 per cent in line with IMF's demand
Protests in Gilgit-Baltistan continued for the eighth consecutive day at Skardu city against Pakistan over illegal land occupation surge in electricity prices and unfair taxes in the region by the authorities.
Colombo [Sri Lanka], September 21 (ANI): A group of monks, priests and nuns has protested in Colombo against the increased electricity tariff amid the financial crisis that has gripped the island nation.
New Delhi [India], September 15 (ANI): The European gas crisis, high inflation and the pace of global monetary policy tightening are taking a heavy toll on economic prospects, rating agency Fitch Ratings' September 2022 Global Economic Outlook (GEO) said. European wholesale gas and electrici
Ljubljana [Slovenia], July 14 (ANI/Xinhua): The Slovenian government on Thursday introduced a one-year cap on electricity prices for households and small businesses to ease the burden of rising energy prices on citizens.
New Delhi [India], July 11 (ANI): Electricity in the national capital is likely to get costlier with the increase in the Power Purchase Adjustment Charge (PPAC) by around 4 per cent.
Islamabad [Pakistan], June 30 (ANI): Pakistan will have to take two more "prior actions" to secure economic relief package from International Monetary Fund (IMF) - Passing the federal budget as agreed with the monetary organization, as well as, presenting a memorandum of understanding (MoU)
Islamabad [Pakistan], June 7 (ANI): After facing backlash from its citizens over a hike in electricity prices as well as power shortage, Prime Minister Shehbaz Sharif-led government on Monday apologized to the masses and vowed to rectify the problem of load-shedding.