Cites double-digit inflat­ion, politi­cally-high cost as reason­s for seekin­g a delay in issuin­g notifi­cation­ISLAMABAD:Pakistan has requested the International Monetary Fund to relax the condition of immediate increase in electricity tariffs due to an already double-digit inflation and unfavourable political conditions. The Central Power Purchase Agency-Guaranteed (CPPA-G) gave a presentation about the IMF’s demand to increase the tariff and the government’s alternative option, said the sources. The sources said the authorities concerned asked the IMF to delay the new notification due to its overall negative implications for annual revenue requirements. The PTI government has already increased the electricity tariffs for four times in past one year. The IMF is also seeking amendments to the National Electric Power Regulatory Authority Act aimed at ending the government’s discretion in notifying electricity prices.

Source: The Express Tribune February 07, 2020 04:18 UTC