ISLAMABAD: Electricity prices are expected to rise from July 1, 2022 in different stages as the basic power tariff will…
IMF
Pakistan had signed a 39-month, $6 billion deal with the IMF in July 2019, but the Fund stopped the disbursement of $3 billion when the previous government breached its commitments and announced fuel and energy subsidies.
The MEFP would also contain certain prior actions that would be necessary for implementation before the IMF board takes up Pakistan’s case for approval and the subsequent disbursement of about $1 billion in July.
IMF said that it “supports the government’s multipronged strategy to restore energy sector viability which shares the burden of restoring viability across all stakeholders — the government, producers, and consumers”.
Miftah said that in May this loss had gone past Rs120 billion — three times greater than running the expenses of the civil government, which amounts to Rs40 million.
International Monetary Fund highlighted worries about the budget statistics, including fuel subsidies, a growing current account deficit and a need for additional direct taxes
ISLAMABAD: The International Monetary Fund (IMF) seeks changes in the new federal budget announced on June 10, 2022, for the…
Esther Perez, IMF’s Resident Representative, has emphasized the need for equitable treatment of all power sector stakeholders due to the limited fiscal space.