Government IMF negotiations: Financial institution demands to fulfill all conditions
According to sources, pressure of IMF on the government of Pakistan to increase electricity rates continues and there is no concession in this.
Federal Finance Minister Ishaq Dar, in front of conditions of International Monetary Fund (IMF), is ready to put government’s failure burden on Pakistani nation.
The International Monetary Fund (IMF) has demanded that the electricity subsidy be reduced from 300 units to 100 units.
From July 1, 2023, power losses will have to be eliminated. On the first day of talks between Pakistan and the IMF, tension was seen over the rate hike in the energy sector.
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According to the sources, the toughest negotiations between Pakistan and the IMF have started.
In the technical talks, stress was seen on the issue of energy. Officials said there was tension in the talks over circular debt and energy losses.
According to the sources, the pressure of the IMF on the government of Pakistan to increase the electricity rates continues and there is no concession in this.
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In relation to energy, the government of Pakistan has requested relief up to 300 units in the negotiations, but the IMF has demanded to keep the subsidies only up to 100 units and the IMF is not ready to take any soft approach in this regard. .
The government of Pakistan has to increase the electricity rate in a phased manner and at the same time eliminate the energy losses of 1600 billion rupees.
