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Pakistan Electricity Crisis 2023: The condition of India’s neighboring country Pakistan is getting worse day by day. The people of Pakistan are facing all-round trouble due to inflation. On the one hand, he should have got support from the government, on the other hand, the government has imposed a new tax on its people. The Government of Pakistan has approved the proposal to impose a new tax on the use of electricity. After which there will be more financial burden on the public than before. Know what is the reason..
Decision taken on taking help from IMF
To get financial help from the International Monetary Fund (IMF), Pakistan has to accept everything. Now he has approved the proposal to impose new tax on the use of electricity. Farmers will also come under the purview of this tax. Pakistan has sought financial assistance of Rs 170 billion from the IMF. For which the IMF had held talks with the Government of Pakistan for 10 days to release the next installment of $1.1 billion. But on February 9, they all went back to Washington without any agreement.
Burden will increase by Rs 3.39 per unit
Pakistan’s Finance Minister Ishaq Dar has chaired the meeting of the Economic Coordination Committee (ECC) of his cabinet. In this, the proposal to impose special additional surcharge of Rs 3.39 per unit on electricity has been approved. He told the media about this meeting that on Monday i.e. February 13, 2023, the talks between the two sides will start once again. This meeting has been decided to be held in virtual mode.
What was the demand made by the IMF
This time IMF has put a strict condition for giving loan to Pakistan. IMF says that until the Government of Pakistan accepts all its conditions, it will not give loan. The government is also ready to increase GST by 1 percent. Already there the rate is 17 per cent. Pakistan has to repay the money raised through bonds. If he does not get the funds then he can default.
Pak government took many steps
The Government of Pakistan has taken several steps to meet the conditions of the IMF. Quarterly tariff adjustment of up to Rs 3.21 per unit is going on in Pakistan for one year, which has now approved a proposal of up to Rs 4 for about 4 months. The ECC has also approved the proposal to discontinue power tariff subsidies to zero-rated industries. Together we have banned the farmer package in the country. All these decisions will be implemented from March 1.
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