ISLAMABAD: The International Monetary Fund (IMF) has sought additional information related to the power sector’ circular debt as well as taxes on electricity bills to decide on the possible relief to the masses.
Sources said that the ministry of Finance shared an electricity bill relief plan with the Fund last week.
The MoF claimed in the submitted plan that the relief in electricity bills will have a Rs6.5 billion impact but reportedly the IMF point of view was opposite to the ministry of finance view.
The Fund officials think that the relief could be around Rs15 billion and they questioned from the Pakistani side how the latter one will cover this Rs15 billion gap.
The Pakistani side has also asked the Fund to delay the monthly and quarterly adjustment for a few years besides giving consumers upto 400 units to pay bills in installment.
Sources said that the IMF clearly told the Pakistani side that there is no room for additional subsidies adding that the power sector circular debt is increasing with the passage of time.
Reportedly, the Pakistani side will share another relief plan with the IMF soon.
Recently, the Prime Minister also said that the government will soon announce relief measures without defying international commitments.
According to the PM Secretariat, the PM and caretaker Finance minister on Monday also held a meeting in which Shamshad Akhtar briefed the premier about the current economic situation of Pakistan.
Good information! I read the aritcle Pakistan Today’s
the worst and dishonest trading company that I ever have had the misfortune of dealing with. They are, in my mind, criminals. I requested a withdrawal of £100,000 from my account. Within about 4 hours, the withdrawal had been put back into my account. Then my account was traded illegally with 11 trades taken and losing all the money. I complained to this company and they couldn’t give a damn. I had to reach out to oliviatrader 44 @ gmail. com to assist me in getting back my money. Glad I have all my money back now.
WhatApp +1 (423) 248 – 2140
I was scammed by one “Bill” who reached out to me via Instagram where we communicated for about 2 weeks before Bill asked to move the conversation to WhatsApp. Bill then mentioned trading in crypto assets and asked if I was interested. I agreed and Bill sent me the links and instructed me on how to create accounts on and the platform Energize Trade. With Bill’s help, I started trading Etheruem (ETH) on the Energize Trade platform. Eventually, I had made dozens of transactions, and was ready to withdraw my funds. At that point, I was told by Energize Trade customer service that I had to pay taxes first. Then I was told that because I had used another ID number (i.e., Bill’s Energize account) I would pay taxes again, this time from my own account. After that, I was told to deposit more money to increase my credit score so that I could withdraw a larger amount of funds. At this point, I realized it was a scam. I lost about $209,900 to the scam in total but the good news is that “HACKWEST AT WRITEME DOT COM ” didn’t give up on me until my money was recovered after I contacted West to help me recover my Ethereeum. I want to urge everyone out there to be careful about these people that promise high ROI; if you’re already a victim of any form of scam, you can do well to recover your funds by contacting Hack West ASAP.