A surge in electricity costs in Pakistan has triggered nationwide protests in an outpouring of popular anger that threatens to derail the crisis-hit country’s $3bn IMF programme.
Pakistan narrowly avoided default in June after securing a loan from the fund that came with strict conditions to enact economic reforms, including cutting energy subsidies and imposing taxes to reduce heavy losses in the power sector.
The measures, combined with a weakened rupee that has pushed up the cost of fuel imports needed to generate power, have caused consumer electricity bills to as much as double in July.
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