The International Monetary Fund (IMF) Thursday shared update on power tariff relief for consumers in Pakistan following, staff-level agreement with Islamabad to unlock $1.3bln loan tranche.
As per details, Pakistan’s IMF Mission Representative, Maher Bennisy during informal media talk, said the fund has approved for a reduction of Rs1 per unit in electricity tariffs for all consumers in Pakistan.
Bennisy stated that the relief will be financed through revenue generated from levies imposed on gas consumption by captive power plants.
He further revealed that the government is actively working on a broader electricity relief package, which will be announced after formal IMF approval.
It is to be noted that PM Shehbaz Sharif earlier announced to provide relief to the power consumers in Pakistan.
