Rs 146 billion subsidy on electricity: Federal government reportedly takes important decision
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ISLAMABAD - The federal government has decided to withdraw Rs146 billion subsidy being given to the electricity consumers apparently to meet a key demand of the International Monetary Fund (IMF).
The government is currently in talks with a visiting delegation of the IMF for securing a bailout package to stave off a possible balance of payment crisis.
The IMF has asked Pakistan to end power and other subsidies and carry out much needed structural reforms in the power sector in a bid to resolve the crippling circular debt crisis.
