As per sources, government plans to present proposal to IMF during its review mission visit next month


(Web Desk): The federal government has introduced a new plan to cut the basic power tariff by Rs 8 to Rs 10 per unit.
This move is aimed at tackling the ongoing issue of circular debt, which will be reduced by lowering the amount of debt. The plan will save Rs 130 billion in debt repayments, which will help create financial space and allow for lower electricity prices.
The reduction is also expected to help ease the ongoing financial losses in the power sector.
Sources say that government plans to present the proposal to the IMF during its review mission visit next month. However, it’s important to note that the IMF had earlier rejected a suggestion to cut taxes in order to reduce electricity prices.
Under the new proposal, the power tariff will be reduced by Rs 8 to 10 per unit, helping to address the financial challenges in the electricity sector.

Samsung Galaxy Watch 8 series hands-on: squircle squad
- an hour ago

First US pneumonic plague death since 2007 reported in Arizona
- 8 hours ago

Live updates: Chelsea, PSG clash in Club World Cup final
- 19 minutes ago

Feeling of loneliness and social isolation may lead to type 2 diabetes, study finds
- 11 hours ago
NAB summons former federal minister Azam Swati on July 17
- 9 hours ago

EU threatens $84bn tariffs amid trade dispute with US
- 8 hours ago
US to send Patriot air defense systems to Ukraine: Trump
- 8 hours ago

The best Apple Watch Prime Day deals
- an hour ago
Extension granted for Ajrak-themed number plates in Sindh until Aug 14
- 8 hours ago

Govt moves to simplify tax system with Urdu forms and digital invoicing
- 12 hours ago

NFLPA leaders backs director Howell amid reports
- 19 minutes ago
Aiden Markram named ICC Men’s Player of the Month for June 2025
- 9 hours ago