IMF has demanded to increase in the cost of electricity by Rs 5
According to the sources, the IMF has demanded to increase the price of electricity by 5 rupees per unit before July 10.
Virtual communication between Pakistan and the IMF has taken place, The IMF was briefed on the difficult budget decision, IMF was also briefed on measures to increase gas prices.
The IMF lauded the tough economic decisions in the budget and measures to increase gas prices and expressed satisfaction with the measures taken so far to improve the economy.
The agreement on the new loan program with the IMF is likely to be finalized this month, and staff-level negotiations on the new loan program have been held in May.
Since May, Pakistan has achieved most of its targets. Pakistan wants to take an $8 billion loan program from the IMF, but the IMF has been blunt, saying that more conditions are needed for more loans. Must agree.
According to the Ministry of Finance, all conditions have been fulfilled ahead of time, Pakistan has demanded that the size of the new loan program be adjusted according to our needs.
On the other hand, the government of Pakistan is looking for an alternative mechanism to not increase the electricity rates.
