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Govt seeks $400m WB loan for energy sector - Newspaper

Circular Debt Management Plan being finalised ahead of the September meeting with the institution. ....

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A tale of two talks - Newspaper

A beleaguered PM, who has many mouths to feed and is feeling the heat of public anger, cannot afford to walk the line set by. ....

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Capping power debt - Newspaper

THE suggested revision in the Circular Debt Management Plan, which aims to cap the flow or addition of new debt to the power sector’s existing debt stock of over Rs2.3tr by June 2023, seeks to avoid or at least delay an increase in electricity prices that has been agreed with the IMF for resumption of the Fund’s $6bn programme. The proposed hike of Rs4.50 per unit in the price will raise average power tariffs from Rs16.50 to Rs21. Since the amended Nepra Act has stripped the government of its powers to stop or delay notification passing on price increases to consumers, there is a new strategy in the revised plan to keep electricity rates at their current level, at least for now, to dodge the political fallout of such a massive spike. Yet, it will not be possible for it to entirely avoid the tariff increase in spite of the planned rationalisation of sales tax on electricity sales and the fuel component of generation, as well as enhancement in the amount of consumer subsidy from ....

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World Bank sets tough loan terms

World Bank sets tough loan terms
Finance ministry seeks three budget support loans totalling $1.5b before end of June
Alpha Beta Core CEO Khurram Schehzad said the new regulations would improve the rupee-dollar parity. PHOTO: FILE
ISLAMABAD:
The World Bank has set tough conditions for $1.5 billion lending such as increase in electricity rates, introduction of new power and tax policies, putting the government in a tight spot that is already seeking a review of the International Monetary Fund (IMF) deal.
The finance ministry was seeking three budget support loans totalling $1.5 billion from the World Bank before the end of June, sources told The Express Tribune. ....

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Pakistan urged to adjust policies

Pakistan urged to adjust policies
tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.

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