Pakistan nearly doubles gas prices to meet IMF bailout terms
ISLAMABAD (AP) — Cash-strapped Pakistan nearly doubled natural gas taxes Tuesday in an effort to comply with a long-stalled financial bailout, raising concerns that the hardship could pass to consumers in the impoverished south Asian country. The government’s bid to revive a $6 billion bailout from the International Monetary Fund hiked the price of natural gas for domestic and industrial consumers from 16% to 112%, shocking many Pakistanis who already […]