The International Monetary Fund (IMF) has rejected the Energy Ministry’s proposed three-year marginal electricity tariff package for industrial use, sources informed ProPakistani on Thursday.
The plan aimed to offer cheaper electricity to industries, artificial intelligence (AI) projects, and data mining operations based on marginal cost due to an 8,000 MW surplus in the national grid at the time.
Under the proposal, consumers would only pay the actual production cost and capacity charges for additional electricity consumption, with all other components, including various taxes, waived.
Sources said the package also included proposals to reduce per-unit taxes on incremental electricity usage to incentivize industrial growth.
The IMF turned down the proposal due to the ministry’s inability to ensure 100 percent revenue recovery from these users. The Fund wants assurances of 100 percent cost recovery, including production and capacity charges.
The Energy Ministry is now working on revising the proposal and plans to present a modified version during the upcoming economic review talks with the IMF.
And then we are told that imf appreciated pakistan. What a joke.
We can’t get affordable oil from Iran
We can’t get affordable cars from china
We can’t get affordable food from our own farmers
We can’t get a normal life in our own country
We can’t get away from taxes that should never exist
But we get crypto, starlink and ai slop which we never wanted and won’t ever help us.
The government should prioritize reducing electricity tariffs and extending additional incentives to key industries—particularly those involved in food production, pharmaceuticals, and exports that generate valuable foreign exchange. This would create a win-win situation, strengthening industrial growth while boosting the national economy.
Wondering if the process of negotiating the IMF agreement and the final package chart out any expected and time-lined KPIs provided we implement the IMF suggestions & dictates in letter and spirit?
If yes, could someone list done the expected KPIs we will achieve at the end of each year of the program.
Reduce pays, perks and parliament size then stop imf loans ….
IMF deciding about pakistan economy for collection of thrir loan and interest. We are already doomed economically and financially. People are dieing under taxes burden, however, they would never come of streets to protest, what a shameless, cowardly nature of us.