Islamabad – In a major development, the International Monetary Fund (IMF) has approved a minimal relief of just Rs. 1 per unit on electricity prices for consumers in Pakistan. The decision comes after extensive negotiations between the Pakistani government and the global lender regarding energy tariff adjustments.
According to official sources, the government had requested a more significant reduction to ease the financial burden on the public, but the IMF remained firm on its strict fiscal policies. The nominal relief of Rs. 1 per unit is expected to provide limited respite to consumers already struggling with soaring inflation and high utility bills.
Experts believe that while any reduction is welcomed, the approved relief falls far short of public expectations. Many industries and households had hoped for substantial cuts in electricity tariffs amid rising living costs and economic challenges.
The IMF has consistently emphasized the need for cost-reflective pricing in the energy sector, ensuring that subsidies are kept minimal to maintain financial discipline. However, this move is likely to spark criticism as Pakistanis continue to bear the brunt of high energy costs.
Public Reaction
The announcement has drawn mixed reactions from the public and business community. Many consumers have expressed disappointment, stating that the relief is insignificant given the recent surge in electricity bills.
The government is expected to introduce additional measures to manage the impact of high energy prices while ensuring compliance with IMF conditions under the ongoing loan program.
