FED on cigarettes hiked by 153% after President Alvi declines to issue ordinance

Some objectives seem contrary to agreement between Pakistan and IMF

Approves increase of up to 113% in natural gas prices

Will give strong signals of market stabilisation policies, ease inflationary pressures

Development comes after IMF, stakeholders oppose measures

Dar says IMF shares MEFP with govt

With price hike, govt will receive Rs237b more from electricity consumers

Two sides agree on a set of measures to help Pakistan avoid looming default

Bank has only offered to finance the portion severely damaged by floods

Raises questions over credibility of figures released