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The International Monetary Fund (IMF) has urged Pakistan to implement another increase in gas prices, adding to the recent adjustment in natural gas sale prices earlier this month, according to reliable sources.
The demand arises from concerns about the growing circular debt in the power sector, currently reaching 4 percent of the Gross Domestic Product (GDP). Initial targets for reducing this debt have reportedly not been met. The IMF recommends raising gas prices further and limiting energy sector subsidies to address the issue, aligning with previous demands. Additionally, Pakistan and the IMF collaborate on a privatization plan targeting state-owned entities incurring significant losses.
Read more : Are IMF and EU Officials Really Visiting Imran Khan in Jail?
This strategic move aims to address financial challenges and involves transferring control of power distribution companies to the private sector, aligning with the IMF’s call for comprehensive reforms in the energy sector.
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