IMF Rejects Govt’s Relief Plan for Inflated Electricity Bills

It seems that citizens are going to remain burdened with heavy electricity bills since the International Monetary Fund (IMF) has rejected the caretaker Government’s relief plan via tariff adjustment or provision of additional subsidy to consumers.

The International Monetary Fund (IMF) has seriously objected to the caretaker Government’s proposal to provide relief to poor consumers against heavy electricity bills. However, Pakistan has requested the global lender to allow the staggering of upcoming quarterly tariff adjustments (QTAs) and Fuel Price Adjustments (FPAs) of Rs. 7.50 per unit over the next four to six months.

Furthermore, the caretaker Government has decided to use the allocation for Independent Power Producers (IPPs) in the budget to provide relief on electricity bills. According to reports, the Governmetn is in communication with the IMF with the new relief plan and waiting for the global lender’s approval.

IMF’s rejection to provide relief to the poor citizens burdened by heavy inflation comes despite improved bill collection for the month of August 2023, which reached close to the expectations.

It is pertinent to mention that citizens have been protesting against the inflated electricity bills, which have surpassed the salary of some individuals.

Read more: K-Electric Consumers to Get Massive Rise in Power Tariff.

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