Morning News: Govt seeks IMF nod for power tariff cut – By Darson Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan has shared a new plan with the International Monetary Fund (IMF) to reduce electricity prices by Rs6 per unit by pumping in Rs2.8 trillion &mdash; a proposal that is built on highly risky funding sources and might not immediately get the lender&rsquo;s endorsement.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan is expected to see single-digit inflation for the first time in three years in August, which may allow the central bank to cut interest rates for a third consecutive meeting this month. Cooling inflation, manageable current account deficit, and emphasis on economic growth are also anticipated to prompt the country&rsquo;s central bank to continue with the monetary easing...