Pakistan’s economic coordination committee (ECC) approved the revised prices for domestic, commercial, and power sectors effective for six months starting from January. Authorities will impose new taxes of 170 bln rupees this month in a bid to obtain the IMF’s bailout package. Several analysts expect inflation, at 26% YoY in January, to rise significantly following the new tax hikes. Meanwhile, the ECC approved authorizing a debt rescheduling agreement with Russia.