The Ministry of Energy and the Mission of the International Monetary Fund (IMF) are currently in negotiations to address the concerns of the global lender regarding government solar policy.
According to sources, the government is making efforts to resolve IMF reserves related to politics.
The sources revealed that the Power division officials and the oil division will inform the IMF separately on several issues. The Secretary of the Power Division, the Petroleum Division and the Secretary of Finance will be present during the informative session, said Express News.
The Power division will focus on the performance of the disk (distribution companies), the circular debt and the privatization process.
The informative session will also cover strategies to reduce line losses, improve electricity bill collections and stop the theft of electricity, said Express News.
Progress will also be highlighted in the privatization of three discos and the identification of assets. Efforts will be made to address IMF concerns regarding government solar policy.
In addition, the sources confirmed that the Government will discuss plans to reduce electrical tariffs by RS 8 to 10 per unit, gaining the confidence of officials at the Federal Income Board (FBR).
During the oil division meeting, deregulation will be discussed in the oil and gas sectors, together with the plans to address the circular debt of 3 billion rupees in the gas sector.
The government also intends to provide an informative session on a plan to address circular debt by establishing an average tariff for local and imported gas. Plans will also be considered to further divide gas companies owned by the government and involve the private sector in the purchase and sale of gases.
