Pakistan has submitted a proposal to the International Monetary Fund (IMF) aiming to reduce electricity prices by Rs6 per unit, according to AAJ.
This plan includes a provision for securing Rs2.8 trillion in funding from both federal and provincial governments.
According to the Express Tribune, obtaining the necessary funding could be challenging, and gaining IMF approval may also be difficult.
To implement this plan, the government will need to make cuts to the federal public sector development program and eliminate certain subsidies across various sectors.
Commercial loans and dividends from state-owned enterprises are expected to generate Rs1.4 trillion, with the remaining Rs1.4 trillion to be obtained from the funds allocated to provinces under the National Finance Commission (NFC).
