IMF Allows Relief on Electricity Bills to Poor Consumers

The International Monetary Fund (IMF) has allowed the interim Government to provide a temporary relief on the inflated electricity bills to poor consumers using up to 200 units per month.

According to the details, the global lender has approved the Government’s relief plan and allowed them to collect electricity bills in installments from poor consumers using up to 200 units of electricity.

However, the final approval on the matter will be given by the Federal Cabinet and if the relief plan on electricity bills comes into effect, it will help about 4 million electricity consumers across the country.

Earlier, the interim Government proposed to provide relief to consumers using up to 400 units, however, the initial relief plan was rejected by the International Monetary Fund (IMF), which could have helped around 32 million consumers if it had been approved.

Furthermore, the global lender has emphasized on the need to crack down on electricity and gas theft in order to improve recovery. It has also demanded that gas tariff should be increased from July 1 by 45 to 50%, which would be devastating to consumers with the winter season approaching in a few months.

Read more: JI Announces Sit-In Against Electricity Bills and Inflation.

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