Imran Khan govt in Pakistan to raise power tariff amid increasing IMF debt
Despite an outcry by its citizens over massive blackout recently, Imran Khan government on Friday has once again planned to raise the power tariffs amid increasing IMF debt.
It will be increasing the power tariff by (Pakistani Rupee) Rs 1.90 per unit to revive the stalled IMF loan programme under the USD 6 billion Extended Fund Facility (EFF), top official sources told The News International.
The government has projected that the circular debt will mount up to Rs 2,805 billion by the end of June 2021, putting the bleeding power sector into a severe cash constraint situation.
The PTI government led by Imran Khan has already hiked the power tariff several times, but it has not helped.
