ISLAMABAD: Pushing Pakistan to comply with its grinding demands, the International Monetary Fund (IMF) on Tuesday asked the government to halt further electricity generation.
Sources told Dunya newspaper that the government had planned to increase power capacity to a staggering 50,000 MW by 2025, but the IMF has now stepped in to stop the government’s ambitious power generation plan.
According to sources, the global lender has asked the government to reduce financial losses instead of bolstering an already strengthened power sector, noting that the current transmission system cannot sustain further energy losses.
In addition, the IMF also stressed on the government to increase efforts to reduce electricity prices, suggesting that sudden changes in electricity prices should be avoided and instead timely notification of price fluctuations should be made.
