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Inflated energy payments: Caretaker govt sends new aid plan to IMF

by Pakistan Latest News Update

Caretaker authorities has determined to make use of the allocation for IPPs in funds to present aid in electrical energy payments, citing Finance Ministry sources.

The federal government in its communication with the International Monetary Fund (IMF) has steered a brand new aid plan for electrical energy payments, sources on the Ministry of Finance stated.
The federal government has determined to make the most of over 15 billion rupees allotted for the unbiased energy producers (IPPs), to supply aid on the inflated electrical energy payments, sources stated.
“The finance ministry has dispatched fresh relief proposal for electricity bills to the IMF,” in line with sources.
“Over 15 billion rupees were additionally allocated for payment to the IPPs in current fiscal year’s budget,” sources stated. “This amount can be adjusted to provide relief on bills,” sources stated.
“This over 15 billion rupees amount will be allocated for the IPPs after recovery of installments of bills,” sources stated.
“The finance ministry officials will hold talks with the IMF on the new plan, in which the lender will be assured of not providing relief out of the budget parameters,” sources added.
Prime Minister Anwaarul Haq Kakar on Monday assured that his authorities was exploring lifelike choices to provide you with out-of-box options to supply aid to electrical energy shoppers.
Talking to international journalists, the prime minister stated that the federal government would make knowledgeable choices to fulfill electrical energy shoppers on the problem of inflated payments with out deviating from the nation’s commitments with worldwide monetary establishments.

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