The International Monetary Fund (IMF) has urged Pakistan to raise gas tariffs, with sources revealing a proposed increase of up to 41 percent by mid-February.
The IMF reportedly rejected additional subsidies on power tariffs beyond budget allocations. Approximately Rs 1000 billion is earmarked for the petroleum sector, Rs 250 billion for power, Rs 600 billion for OGDCL, and Rs 150 billion for PPL.
Pakistan had submitted a proposal to the IMF regarding electricity tariffs for the export sector, aiming to reduce the tariff from 14 cents to 9 cents.
Pending approval from the international lender, the plan is poised for implementation.
It’s noteworthy that the IMF had previously opposed reducing power tariffs for the export sector, despite calls from Pakistan’s export industry to boost exports through tariff reductions.
