IMF demands Pakistan to end circular debt in energy sector

ISLAMABAD: International Monetary Fund (IMF) has instructed Pakistan to end its circular debt on energy sector, reduce the subsidy provided to consumers on electricity and privatize state institutions, ARY News reports.

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According to details, IMF has instructed Pakistan’s Finance Minister Ishaq Dar to not only speed up privatization process in the country but also reduce the subsidy in order to end the circular debt on the energy sector.

Sources said that the federal government may be privatizing the power distribution companies in the country.

Pakistan had ensured IMF that the per unit electricity cost will be increased in the final round of talks this week.

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