Finance Minister Shaukat Tarin slammed the International Monetary Fund (IMF) for forcing Pakistan to increase the electricity tariff and termed it “injustice”.
Tarin spoke about the global money lender in a meeting of the National Assembly’s Standing Committee on Finance, Revenue, and Economic Affairs. The meeting was chaired by the committee chairman, Faiz Ullah Kamoka.
“IMF did injustice to Pakistan, the demand to increase the electricity tariff is unjustified,” said the minister, adding that the price hike had stopped the economy from moving forward and also increased corruption.
The minister also issued a dire warning to the lawmakers saying that if the incumbent government is not able to take the GDP growth to 5%, then the country will be at “God’s mercy for the next four years”.
He also assured them that he is trying to explain the situation to the IMF.
“The increase in tariff is leading to a rise in inflation. We have told the IMF that we will reduce the circular debt but increasing the tariff is unexplainable,” said the minister.