Pakistan is raising electricity prices by an average of 20% starting from July as part of an agreement with the International Monetary Fund (IMF). The National Electric Power Regulatory Authority will increase the power tariff by an average of 5.72 rupees to 35.50 rupees per kilowatt-hour. This move aims to bolster Pakistan's chances of securing a new loan from the IMF. Additionally, the World Bank has approved a $1 billion loan for clean energy projects in Pakistan, following the IMF's approval of its 24th loan program for the country. Prime Minister Sharif has vowed to end dependency on foreign aid and IMF bailouts.
#PAKWatch🇵🇰: The IMF has ONCE AGAIN given PAK the same bailout medicine: TAX HIKES. MORE TAX HIKES = A RECIPE FOR FAILURE. https://t.co/0BYOdx8GIl
#Pakistan's cash-strapped government faces critical risks in the budget and outlook, including lower growth, natural disasters, and poor state-owned entity performance. https://t.co/L7MUSBVxn7
Pakistan is a step closer to securing another emergency loan from the International Monetary Fund… by raising power prices by 20% 🇵🇰⚡️💸 Utility bills must be hiked to stall rising debt in the energy sector, which is critical for receiving IMF funds https://t.co/douLdU4Rdq
Pakistan is raising power prices by an average 20% to bolster its chances of securing a new loan from the International Monetary Fund. The National Electric Power Regulatory Authority will increase the power tariff by an average 5.72 rupees to 35.50 rupees per kilowatt-hour for… https://t.co/XBbpILUx2a
#Pakistan PM #Sharif vows to end dependency on foreign aid and #IMF bailouts https://t.co/BDMeYtzZiv
Pakistan raises electricity prices by 20% as part of an agreement with the IMF. Nothing will work until corruption is reduced https://t.co/DW1YfzBVGp
#PAKWatch🇵🇰: The World Bank just approved a $1bn loan for clean energy projects. This came only hours after the IMF approved its 24th PAK loan program. P.M Sharif = PASSING THE BEGGING BOWL. https://t.co/rwrwXKv0Fx
عاجل باكستان ترفع أسعار الكهرباء بنسبة 20% ابتداءً من يوليو ضمن مجموعة اشتراطات لصندوق النقد الدولي #باكستان #الكهرباء #صندوق_النقد #أسعار_الكهرباء https://t.co/do8lcvyFAy
#Pakistan to Raise Power Prices in Key Move to Secure IMF Loan https://t.co/yFZONunftL
Pakistan is raising power prices by an average 20% to bolster its chances of securing a new loan from the International Monetary Fund https://t.co/vcFhEtvkNZ