Today, the International Monetary Fund (IMF) is expected to provide its response regarding relief measures for electricity consumers in Pakistan. The proposal under consideration entails granting relief to consumers for electricity consumption of up to 200 units, with the accumulated relief being reflected in future bills.
Previously, the IMF had rejected the Pakistani federal government’s initial plan, which sought relief for consumers using up to 400 units of electricity. However, sources suggest that the IMF may now be inclined to approve the revised plan.
If approved, this plan will enable consumers utilizing up to 200 units of electricity to pay their recent bills in four convenient installments. The plan, valued at 600 billion rupees, is anticipated to benefit approximately 50% of electricity consumers in the country.
The Ministry of Finance has indicated that an IMF assessment mission is scheduled to visit Pakistan in November. During this visit, negotiations will take place with Pakistani authorities to determine the plan’s execution. Subsequently, approval may be granted for the release of the second installment towards the end of November.
As we await the IMF’s decision, Pakistan anticipates potential relief for electricity consumers, offering them a more manageable approach to addressing their electricity bills. Stay tuned for the latest updates on this important development.
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