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 address the public's relief in electricity bills, encountered a deadlock due to unfruitful discussions with the International Monetary Fund (IMF).
During the meeting, the attendees were briefed about the elevation in electricity charges categorized as part of the fundamental tariff, aligning with the stipulations set forth by the IMF.
Furthermore, the assembly also struggled to arrive at a consensus regarding the 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 notification outlining alterations in petroleum product prices.
Prime Minister Anwaarul Haq Kakar is slated to hold a briefing for media anchors in the near future, where he intends to share insights into his endeavors and shed light on the stringent IMF conditions.
Nevertheless, an accord was attained concerning the option of settling electricity payments through installments. Directives were issued to electricity distribution companies to implement this course of action.
Importantly, it is worth noting that the matter of providing complimentary electricity has already been referred to the cabinet committee.