IMF ‘rejects’ Pakistan’s relief plan on electricity bills

The International Monetary Fund (IMF) has prevented Pakistan from providing assistance to power users who use more than 200 units each month.

IMF ‘rejects’ relief plan on electricity: Sources reported that the IMF made the statement regarding Pakistan’s relief plan, saying, “Relief on electricity bills will not reduce circular debt.”

“The authorities will grant respite from bill payment delays only to customers who have used fewer than 200 units continuously for six months.”

According to the sources, if a consumer’s consumption exceeds 200 units in six months, they would cancel the respite.

The International Monetary Fund (IMF) has not rejected the request for the provision of further subsidies in power rates, according to Muhammad Ali, the caretaker minister for energy and petroleum, who made the claim before. This is because the administration is dealing with protests against exorbitant electricity bills.

The interim minister claimed during a news segment on “Khabar” that the administration regularly exchanged data with the international lender regarding electricity costs.

The minister made it clear that the government would need to raise funds in order to postpone the August electricity bill.
“He continue that if money is acquire and the bill is postpone, the government will also bear the losses.”