Islamabad: Pakistan has approached the International Monitory Fund (IMF) once again for a relief in inflated bills.
Pakistan has decided to use more than Rs 15 billion of International Power Producers (IPPs).
As per the finance division Pakistan has sent a new plan of giving relief in the inflated electricity bills to the IMF.
Pakistan approaches IMF again with new plan for relief in inflated bills
Pakistan has approached the International Monetary Fund (IMF) once again for a relief in inflated bills.
Pakistan has decided to use more than Rs 15 billion of International Power Producers (IPPs). As per the finance division Pakistan has sent a new plan of giving relief in the inflated electricity bills to the IMF.
Earlier Pakistan received from the IMF over the first plan sent by Pakistan.
The matter of relief on inflated bills lengthened as a plan sent by the ministry of finance to the International Monetary Fund (IMF) was rejected owing to difference in an amount set for implementation.
The IMF had called a new plan due to which the matter of relief will be delayed further.
As per ministry of finance source said that Pakistan has described in its plan that after giving relief to masses for inflated electricity it will create impact of less than Rupees six billion.
On the other hand the IMF said that the relief will impact more than Rs 15 billion. The source said that parity in an amount set for implementation on the relief program resulted into rejection of the plan by the IMF.
According to the sources, the IMF had asked Pakistan for the details of a new plan to meet the financial capacity of 15 billion and Pakistan will again send the plan to the IMF.
Sources further said that the IMF and the Ministry of finance will negotiate againt after Pakistan shares its new plan to the international lender.
Pakistan had sent the plan on Friday to the IMF to which the international responded after four days.
