According to sources, the interim government has made a decision not toprivatize the Haveli Bahadur Shah and Balloki RLNG plants, a demandpreviously made by the International Monetary Fund (IMF).
The Pakistan Democratic Movement (PDM) government had initially assuredthe IMF of the privatization of both power plants in the Stand By Agreement(SBA) earlier this year.
Within the power division, sources have disclosed that the privatizationprocess has been halted because it cannot be completed during the caretakergovernment’s tenure.
Failing to privatize these RLNG-run power plants may result in the IMFmaking additional demanding requests.
It has also been revealed that the upcoming elected government of Pakistanwill ultimately decide on the privatization of these power plants.Furthermore, the IMF had previously called for the privatization of UtilityStores and state-owned entities.
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In its recommendations, the IMF proposed the transfer of Utility Stores tothe private sector, aiming to enhance efficiency and profitability.
Additionally, the international financial institution suggested an increasein the budget allocated to the Benazir Income Support Programme (BISP) toprovide more financial support to vulnerable segments of the population.