Federal Finance Minister Shaukat Tarin has said that it was unjustified for the International Monetary Fund to force Pakistan to increase its electricity tariff and that they would review the programme. He criticized the IMF for setting conditions that in his opinion have been affecting Pakistan’s economy negatively. On the IMF instructions, Pakistan promised to increase taxes by a massive Rs1.272 trillion and jack up electricity rates by almost Rs4.97 per unit in the remaining three months of this current fiscal year. The IMF said it was necessary to make electricity more expensive because swelling circular debt has been dragging the economy down. He said that Pakistan’s economic
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