Islamabad: The International Monetary Fund (IMF) has allowed Pakistan to receive bills in installments for people having 200 units bills while there will be no late fee surcharge for them as well.
The caretaker government will give final approval for it. Moreover with this facilitation as many as 400000 consumers will be benefited while relief will be given for August bills only.
The international lender rejected relief plan for consumers who use 400 units while the numbers of 400 units consumers are 40. 5 million.
IMF demands Gas Tariff be raised
The fund has also demanded an uptick of 45 to 50 percent in a gas tariff while the international lender has expressed its satisfaction over the performance of the Federal Bureau of Revenue (FBR) collection of more than Rs 20 billion tax in first two months.
Lower down expenditures, speed up privatization
The IMF has also demanded to lower down the expenditures and speed up process of privatization. It directed that Pakistan International Air Line (PIA), Steel Mills, RLN power plant and DISCOS be privatized in the current financial year.
IMF complains over poor performance of power sector
The IMF lodged complaints of losses owing to poor performance in the power sector.
