WB agrees to postpone imposition of 6pc raise in power tariff
WASHINGTON: The World Bank has agreed to postpone the decision of a 6 per cent raise in power tariff following successful negotiations with its representatives, a top government official said.
Addressing a press conference at Pakistan Embassy in Washington, Adviser to the Prime Minister on Finance, Hafeez Shaikh said that there is a likelihood that the International Monetary Fund (IMF) will approve the release of the fourth tranche of $1.3 billion out of $11.3 billion agreed in November 2008 to Pakistan, following its board of directors meeting scheduled to be held on May 14.
