The IMF has demanded an end to subsidies for electricity, gas and utility stores:

The IMF has demanded an end to subsidies for electricity, gas and utility stores:

A special cell will be set up in the Ministry of Finance to consider the IMF's strict conditions, and special cell will formulate proposals for the elimination of subsidies and the implementation of economic reforms. Sources.

IMF calls for abolition of subsidies for electricity, gas and utility stores, set up special cell in finance ministry to consider IMF's strict conditions Will do According to media reports, the International Monetary Fund has set strict conditions for Pakistan to continue its loan program.

It has demanded from Pakistan that the subsidy given to the people on utility store items including inflation in the power and gas sectors should also be abolished. A special cell has been set up in the Ministry of Finance to consider the strict conditions and demands of the IMF.

The Special Cell will formulate proposals for the elimination of subsidies and the implementation of economic reforms. The government has allocated a subsidy of Rs 209 billion to provide relief to the people on various food items including expensive electricity and gas sectors.

It has set up a subsidy of Rs 150 billion for the energy sector, Rs 13 billion for cheap wheat, Rs 3 billion for utility stores and Rs 2 billion for metro bus travel. A subsidy of Rs 30 billion has also been allocated for the New Pakistan Housing Project. But the IMF has called for an end to subsidies for electricity, gas and utility stores to release more money. So far, the IMF has released only 44 1.44 billion of the loan program.

A 66 billion loan program was agreed with the IMF. On the other hand, two days ago, Prime Minister Imran Khan said that the government's priorities in the matter of subsidies are very clear, the purpose of the subsidies provided from the public treasury is to support the weaker sections of society and promote socio-economic development. A roadmap should be drawn up for each viable proposal keeping in view the government's priorities.

Addressing the meeting on making the subsidy system in various sectors transparent and systematic and ensuring that this assistance is extended to the deserving, Imran Khan said that not only the undeserving people should benefit from the subsidy system. It is a waste of government resources but also a waste of rights. Therefore, reform in this system is the top priority of the government. Talking about the proposals under consideration in the meeting, the Prime Minister appreciated the efforts of the think tank and directed that the government A roadmap should be drawn up for each viable proposal keeping in view the priorities so that it can be implemented in a phased manner.