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electricity tariff
electricity tariff
EconomyHeadlines

IMF assures timely increase in electricity tariff, electricity is likely to become more expensive.

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According to sources, the government has assured the IMF of a timely increase in electricity tariffs, which is likely to further increase electricity prices from July 1.

Finance Ministry sources say that monthly, quarterly and annual adjustments will be made for cost recovery, it has also been assured that the economy will be gradually documented to increase tax revenue.

According to the sources, the IMF has stressed on ensuring the protection of the beneficiaries under BISP and the government has assured to increase the number of BISP beneficiaries by June.

Sources say that the emphasis has been placed on continuing the necessary reforms for the continuation of economic stability and the IMF has demanded to maintain a strict monetary policy, market-based exchange rate policy.

According to the sources, upon the successful completion of the negotiations, it will be recommended to issue a tranche of $1.1 billion, which will be approved by the IMF’s executive board.

Sources said that this time the talks with the IMF were relatively easy, but the talks with the IMF are not scheduled today.

Read more about “Pakistan and IMF will begin Official talks today.”