IMF’s Fiscal Strategy: Balancing Electricity Relief
IMF’s Fiscal Strategy: Balancing Electricity Relief-The International Monetary Fund (IMF) has rejected the Pakistan government’s proposal to provide relief to consumers of up to 400 units of electricity.
According to the sources, there was a communication between the officials of Pakistan and the IMF on the issue of giving relief to consumers on electricity bills. Agreed to collect bills in installments from consumers using electricity up to the unit.
Sources say that the final approval to receive bills in installments will be taken from the federal cabinet, with this initiative, about 4 million electricity consumers are likely to get temporary relief, while 32 million consumers will benefit in the form of relief up to 400 units. could
Sources say that the IMF urged the Pakistani authorities to crack down on electricity and gas thieves and improve recovery.
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According to sources, they also demanded an increase in gas tariff from 45 to 50 percent from July 1. The increase in gas tariff is subject to the approval of the federal cabinet.