"IMF lays out terms for electricity cost aid."
"IMF lays out terms for electricity cost aid." Islamabad: IMF Urges Caretaker Government to Enhance Power Generation for Pakistani Consumers' Relief In a bid to alleviate the burdens faced by Pakistani consumers due to a drastic surge in power bills since July, the International Monetary Fund (IMF) has urged the interim government to enhance its power generation infrastructure. Simultaneously, the IMF has called for the withdrawal of subsidies granted to captive power plants (CPPs) receiving gas supplies. This demand surfaced during discussions between the IMF and Pakistan's Ministries of Finance and Power. As per insiders from the Ministry of Finance, the IMF has recommended an immediate increase in gas prices for CPPs effective from July 2023. Captive power plants (CPPs) are electricity generation facilities utilized and managed by industrial or commercial energy consumers for their own energy needs. CPPs can either operate independently or connect to the electrical...