The Pakistani government has assured the International Monetary Fund (IMF) that electricity and gas prices will rise on schedule.
Officials said the move is part of a broader plan to address the country’s tax revenue shortfall this fiscal year.
Authorities outlined measures to tighten tax laws, reform energy sectors, and reduce circular debt, aiming for greater financial stability.
The government plans tougher enforcement of existing tax laws and a roadmap for additional measures by the end of December.
READ MORE : SPI Inflation Rises as Edible Oil and Wheat Flour Prices Surge
Proposals include a 5% increase in federal excise duty on fertilizers and chemicals and new levies on sugary products.
Officials said 40,000 large retailers will come under full POS monitoring within two years, alongside digital invoicing and sector oversight.
Energy sector reforms include ending the excess electricity consumption scheme, reducing 7,000 MW of surplus power, and privatizing key electric companies.