The International Monetary Fund (IMF) has asked Pakistan to increase the electricity tariff by Rs. 5 per unit before July 10, 2024, to get a new program.
Sources told ProPakistani that the lender has set electricity and gas price hikes as prior actions for the new program, so an increase in electricity prices is inevitable.
Sources said that Pakistan has also asked the IMF to allocate more funds for the next program as the government has implemented all the conditions of the lender in the current year’s budget.
Pakistan wants $8 to $10 billion under the new program, whereas sources said that the IMF is willing to give $6 to $7 billion for the new program.
It is pertinent to note that Pakistan has implemented all the conditions of the IMF, and the lender is satisfied with the budget approval from parliament.
Recently, the ECC maintained gas prices for residential consumers, while the forum approved an increase in gas tariffs for captive power plants.
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Then imf should consume and pay the bill as well.
Stop blaming IMF for that. They simply told Pakistan to reduce line losses, reduce free electricity to government officers and to reduce the circular debt and IPP capacity charges. But government has a better plan to just increase the unit price and get all the money from the public.
What will happen when discos will be privatized then who will pay these IPP charges.
The debt trap is a death trap...
50000 mw capacity . 20000mw transmission line . Who is responsible for this ??? This is one of the worst things that can be done to pakistan
We should all just turn off everything.
& Start living in the stone age!
Is bar to govt ko apny kapry utar kr bheek mangna par rahi hy. Lagta hy mulk my hartalo ka aik bohat bara silsala shuru hony wala hy
Ye khuab IMF ko nazar kese ajatay hyn. sirf ghareeb ki band bajani hy. govt ky , defense ky expenses cut over karney ki kabhi bat nhin karty. in loteyroon ko loan ly kar akhir karna kiya hy.. bharna to hamey hy,
Sare hi corrrept hain kya Nawaz kya Imran Kya Bajwa kya Asim
Excellent completely agree with you.