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Pakistan Discontinue Subsidized Electricity Charges for Exporters Under Revised Circular Debt Plan to Meet IMF Condition

admin-augaf by admin-augaf
March 1, 2023
in Business, Finance
Reading Time: 1 min read
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Islamabad March 1 2023: Government of Pakistan has discontinued concessionary electricity tariff for Zero Rated export oriented sectors to meet IMF conditionality under revised Circular Debt Management Plan.

The order were issued after a Summary by Power Division titled ‘Implementation of Revised Circular Debt Management Plan” dated 28th Feb 2023 was considered and approved by the Federal Cabinet vide its decision No 126/Rule-19/2023 dated 28th Feb 2023.

Federal Cabinet vide the above-referred decision has approved the Discontinuation of ZRI Package for the supply of electricity @ PKR 19.99 /kWh (all inclusive) export—oriented sectors from 15t March 2023.

Tags: IMF
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