{"id":484609,"date":"2022-04-16T10:19:21","date_gmt":"2022-04-16T04:49:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=484609"},"modified":"2022-04-16T11:58:33","modified_gmt":"2022-04-16T06:28:33","slug":"pakistans-new-government-may-have-to-roll-back-fuel-power-sops","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pakistans-new-government-may-have-to-roll-back-fuel-power-sops\/","title":{"rendered":"Pakistan&#8217;s new government may have to roll back fuel, power sops"},"content":{"rendered":"<p>Pakistan&#8217;s new government is in internal discussions on whether to roll back fuel and power subsidies in the stuttering economy, officials said, as the industry regulator advised a huge hike to match global prices.<\/p>\n<p>Former premier Imran Khan, who was ousted in a confidence vote earlier this week, announced a cut in petrol and electricity tariffs in February, despite soaring global prices, in a bid to win back popular support.<\/p>\n<p>But that relief measure, estimated at 373 billion Pakistani rupees ($2.06 billion), has stretched government finances in a way that cannot be sustained, the finance ministry&#8217;s top civil servant said. It has also endangered an ongoing IMF rescue programme.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan&#8217;s new government is in internal discussions on whether to roll back fuel and power subsidies in the stuttering economy, officials said, as the industry regulator advised a huge hike to match global prices. Former premier Imran Khan, who was ousted in a confidence vote earlier this week, announced a cut in petrol and electricity tariffs in February, despite soaring global prices, in a bid to win back popular support. But that relief measure, estimated at 373 billion Pakistani rupees ($2.06 billion), has stretched government finances in a way that cannot be sustained, the finance ministry&#8217;s top civil servant said. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-484609","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/484609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=484609"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/484609\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=484609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=484609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=484609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}