Islamabad: The International Monetary Fund (IMF) demanded an end to budget subsidies for tube well users.
According to media reports, officials of the Ministry of Energy and the Ministry of Finance held a meeting at the technical level of the IMF mission during which the launch of the tube well solarization scheme was discussed in the current financial year.
It is reported that the IMF has asked to introduce a solarization system for the agricultural sector of Pakistan. The mission demanded an end to the budget subsidy for tube well users.
Due to the implementation of the scheme, it has also been asked not to give subsidies to tube well users in the budget of the next fiscal year.
IMF said in the meeting that the National Electric Power Regulatory Authority (NEPRA) is making timely notification of quarterly adjustments, and fuel price adjustments for cost-recognizing tariff improvement.
It is also stated that the IMF has also directed cooperation between DISCOs, the Ministry of Energy, and NEPRA and speedy implementation of decisions.
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