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To revive the stalled IMF programme under the $6 billion Extended Fund Facility (EFF), the government will have to hike the electricity tariff by Rs7.14 per unit through base price and fuel price adjustments as well as increase the petrol prices in a gradual manner.
Owing to the fear of backlash, the government is considering hiking only petrol and continue giving subsidies on diesel. The government is also exploring options to convince the provinces to contribute by sharing the burden to absorb the fuel cost.
The work on devising targeted subsidies is also underway at the senior level of the government.
