Power minister apprises IMF team of circular debt reduction plan
Govt to increase power rate by Rs4.46 next month
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The IMF delegation Tuesday called on Federal Minister of Power Khurram Dastgir who briefed the Fund on the reforms in the power sector, reported 24NewsHD TV channel.
According to sources, the IMF delegation was informed about the circular debt reduction plan. The minister assured the delegation of government’s commitment to implement IMF’s demands, they added.
Sources said that preparations have been made for an increase in electricity prices. The price of electricity will be raised in February under the head of quarterly adjustment charges.
Sources revealed that government would hike power rate by Rs4.46 per unit from next month.
Besides this, measures will be taken to stop power theft and improve recoveries.
Reporter Waqas Azeem