The govt. will have to seek a waiver from the IMF on structural benchmark if Islamabad fails to place targeted subsidy for electricity consumers in the budget FY22. Although the govt. plans to allocate PKR 500Bn for the subsidy of all kinds for the upcoming budget including power sector, cheap gas and electricity supply to export-oriented sectors, there will be subsidy on wheat, sugar, PASSCO, Utility Stores Corporation, fertilizer and many other sectors.
31/5/2021