ISLAMABAD: The Pakistani government has proposed a bold plan to the International Monetary Fund (IMF) to reduce electricity tariffs by Rs6 per unit, amounting to a total funding requirement of Rs2.8 trillion. The plan, presented over the weekend, aims to address the soaring electricity costs but relies on uncertain and risky funding sources, casting doubt on whether it will receive the IMF’s endorsement. Under the proposal, the federal government expects the four provinces to contribute Rs1.4 trillion, with the remaining Rs1.4 trillion to be sourced through additional commercial loans, cuts…
Read MoreGovernment Seeks IMF Approval for Risky Power Tariff Reduction Plan
