Pakistan has met the International Monetary Fund (IMF) benchmarks for maintaining the status quo in the energy sector – in an outcome that may help to get the next loan tranche of $1.2 billion but does not stop the bleeding (debt) despite increase in electricity prices.
The Ministry of Energy officials said that the end-December targets related to containing the flow of circular debt below Rs385 billion, timely increase in the electricity prices under various heads, and slowing the increase in line losses have been met.
The IMF would review the implementation on these targets during the loan negotiations under the second review of the $3 billion bailout package.
