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Pakistan budget will see energy prices rise further

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Pakistan’s government unveiled a new budget on Friday aimed at unlocking a financial package from the International Monetary Fund to boost its ailing economy. The budget will see rising fuel prices soar even further, and will cut electricity subsidies, making electricity 20 percent more expensive. Mobile phones and cigarettes are also set to become more expensive in the country as it battles to bail out its desperate economy. The budget also aims to tax the wealthy, with taxes doubled on luxury cars, SUVs and some sedans. A people-friendly budget by a people-friendly government. Some hard deci…

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