IMF begins review talks on Pakistan’s $7bn loan program

News Image

MG News | March 06, 2025 at 10:36 AM GMT+05:00

0:00

March 06, 2025 (MLN): The International Monetary Fund (IMF) has begun review talks under Pakistan’s $7 billion loan program, with a primary focus on economic and structural reforms.

The IMF delegation will be briefed today on matters related to the power and gas sectors.

The delegation will hold meetings with officials from the Power Division and the Petroleum Division.

Indicate that the IMF team will be briefed on the implementation of targets related to the power and gas sectors.

The delegation will receive a briefing on the privatization of electricity companies and the status of circular debt.

Additionally, the IMF will be updated on the reforms initiated in the power sector.

The IMF team will also be informed about negotiations with Independent Power Producers (IPPs).

Pakistan has achieved the targets agreed upon with the IMF by December 2024, according to press release..

Government sources claim that circular debt in the power sector is now under significant control.

As of December 2024, the circular debt in the power sector stood at Rs2,38bn, whereas in June 2024, it was Rs2,39bn.

In the first phase, three state-owned electricity distribution companies are being privatized.

The IMF delegation will be briefed on progress regarding the privatization of electricity companies.

The first phase will see the privatization of Islamabad Electric Supply Company (IESCO), Faisalabad Electric Supply Company (FESCO), and Gujranwala Electric Power Company (GEPCO).

A financial advisor has already been appointed for the privatization of electricity companies, sources confirm.

In July 2024, the base electricity tariff was increased by Rs7.12 per unit.

The quarterly electricity tariff adjustments are being implemented on time, sources confirm.

The hearing on the second quarter adjustment for the current fiscal year has already taken place in NEPRA.

The IMF delegation will also be briefed on the status of circular debt in the gas sector.

Furthermore, the IMF will be given a briefing on the reforms being implemented in the gas sector.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 148,596.57
283.66M
0.85%
1253.06
ALLSHR 91,716.69
697.34M
0.77%
701.00
KSE30 45,275.90
84.52M
0.89%
398.85
KMI30 212,208.96
82.76M
0.97%
2047.65
KMIALLSHR 61,130.35
365.23M
1.02%
618.02
BKTi 41,322.69
34.48M
0.68%
280.40
OGTi 30,087.51
5.22M
0.87%
258.82
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 111,830.00 113,390.00
111,585.00
-195.00
-0.17%
BRENT CRUDE 67.59 67.79
67.43
-1.03
-1.50%
RICHARDS BAY COAL MONTHLY 92.00 0.00
0.00
2.45
2.74%
ROTTERDAM COAL MONTHLY 99.60 99.65
99.60
-0.10
-0.10%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.22 64.40
64.03
-0.38
-0.59%
SUGAR #11 WORLD 16.50 16.53
16.31
0.03
0.18%

Chart of the Day


Latest News
August 29, 2025 at 11:57 AM GMT+05:00

Saudi Riyal available at PKR 75.5 in open market


August 29, 2025 at 10:14 AM GMT+05:00

Russia to help Pakistan build Insulin production facilities


August 29, 2025 at 10:05 AM GMT+05:00

Japan Bank joins Reqo Diq lender group


August 29, 2025 at 09:58 AM GMT+05:00

NBP posts remarkable growth in half-year performance



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg