New power bills proposal sent to IMF | The Express Tribune
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ISLAMABAD: After the rejection of the first one, the caretaker government has sent a fresh proposal to the International Monetary Fund (IMF) that the additional money allocated for the independent power producers (IPPs) could be adjusted to provide relief to the consumers, who were protesting against the exorbitant rise in their electricity bills. Finance ministry sources said under the new plan, an amount of over Rs15 billion would be allocated back to IPPs after receiving instalments from the bills. The sources added that the finance ministry officials would discuss the fresh plan with the IMF again. In the new plan, the IMF has been assured that no relief outside the budget will be given to the people. The IMF had rejected an earlier plan sent to it by the caretaker government for providing relief to the power consumers. The global lender while snubbing the relief plan, said it would have an impact of over Rs15 billion, not Rs5 billion, as Pakistan had suggested i...