Project News Details
Title
Pakistan faces shocking 850 per cent surge in gas prices as inflation soars
Detail
The Pakistan Bureau of Statistics (PBS) revealed a staggering 850 per cent increase in gas prices over the past four months, with electricity tariffs also surging under the IMF program. Rising costs of essential commodities, including sugar and palm oil, further drive inflation. Meanwhile, the Asian Development Bank (ADB) approved a USD 200 million loan to improve Pakistan's power distribution systems, aiming to reduce energy losses and enhance efficiency.
Country
India
Source
ET Energy World
Regions
Asia SAARC Countries South Asia
Sectors
Oil and Gas Construction Energy-Power and Electrical Computer Hardwares and Consumables
Published Date
11.12.2024
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