Good News for Consumers as IMF Gives Green Signal for Electricity Relief

Islamabad: According to a news report, the International Monetary Fund (IMF) has given a green signal to the Caretaker Government of Pakistan to give relief to consumers who are using less than 200 units. It is good news for the electricity consumers and the government after being affected by high electricity prices in the country.

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Furthermore, our media sources reported that tomorrow, the Caretaker Prime Minister of Pakistan might approve the electricity relief plan in a cabinet meeting. According to the Relief Plan approved by the IMF, it will facilitate the 4 million consumers with monthly electricity consumption of up to 200 units under an installment-based billing system.
According to the relief plan, the IMF has approved the plan under certain conditions. It will facilitate the consumers’ gradual payment of August Electricity bills over three months.

However, only those who can benefit from the relief plan are not eligible for subsidies and use up to 200 monthly units. The consumers who will not be eligible for this temporary relief are lifeline consumers or those within the consumption bracket protected from the price increase.

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Furthermore, with good news, there is also bad news as the IMF has also urged the Pakistan Government to increase gas prices. The OGRA (Oil and Gas Regulatory Authority) has already determined it, but it is a pending notification.
OGRA announced, in June, a 50% hike in gas prices for consumers of the Sui Northern Gas Pipeline (SNGPL) and a 45% increase for the Sui Southern Gas Company Limited (SSGCL), making it equal to PKR 417.23 per unit hike in gas price.

For further details, visit Wirasat.

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