Rise in electricity price was in agreement with PDM government, IMF tells caretaker setup

Rise in electricity price was in agreement with PDM government, IMF tells caretaker setup

A meeting led by Interim Prime Minister Anwaarul Haq, striving to addressthe public’s relief in electricity bills, encountered a deadlock due tounfruitful discussions with the International Monetary Fund (IMF).

During the meeting, the attendees were briefed about the elevation inelectricity charges categorized as part of the fundamental tariff, aligningwith the stipulations set forth by the IMF.

Furthermore, the assembly also struggled to arrive at a consensus regardingthe decision to abstain from hiking the prices of petroleum products,according to sources familiar with the matter.

Tonight, the Ministry of Finance is scheduled to release a notificationoutlining alterations in petroleum product prices.

Prime Minister Anwaarul Haq Kakar is slated to hold a briefing for mediaanchors in the near future, where he intends to share insights into hisendeavors and shed light on the stringent IMF conditions.

Nevertheless, an accord was attained concerning the option of settlingelectricity payments through installments. Directives were issued toelectricity distribution companies to implement this course of action.

Importantly, it is worth noting that the matter of providing complimentaryelectricity has already been referred to the cabinet committee.