Islamabad, Feb. 14 -- The International Monetary Fund (IMF) is engaged in discussions with Pakistani authorities over proposed revisions to its electricity tariffs, as Islamabad seeks to align its pricing structure with the commitments it had made under its $7bn Extended Fund Facility (EFF).
The long-term programme by the global money lender is aimed at addressing the country's many structural and economic weaknesses, as well as the chronic balance-of-payments pressures it is under, while restoring macroeconomic stability.
With the money lender's next programme review approaching, the government has put forward a comprehensive restructuring of electricity pricing.
The proposed changes are geared towards the rationalisation of tariffs, re...