IMF signals flexibility on Pakistan’s power tariff cut plan: PM

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On Wednesday, Prime Minister Shahbaz Sharif said that the hopes of high support to the people of economically tension have been increased.

Inflation consumers in Pakistan have been suffering from unbearable electricity prices in recent years. These spicers have stirred the social unrest and shutdown industries in the 350 billion economy, which has been contracted twice in recent years as inflation is a record height.

“The chief of the global lender has assured that Pakistan’s plan to reduce electricity prices will be considered,” the premiere shared details of his recent visit to Dubai, said the premiere.

Prime Minister Shahbaz called on Tuesday to the International Monetary Fund (IMF) Managing Director Kristina Georgiefa on the occasion of the World Government Summit (WGS) 2025 in Dubai, scheduled in early March, the first $ 7 billion bailout. Meeting as a review.

Chief of Army Staff (COAS) General Syed Asim Munir also visited Dubai with Prime Minister Shahbaz, where the two leaders spoke with the United Arab Emirates (United Arab Emirates).

Addressing the meeting, Shahbaz said during a meeting with the Managing Director of the IMF in Dubai that he discussed the challenges facing Pakistan’s power sector in length.

“I told him that industries can achieve growth and economic growth can only be achieved when production costs are reduced,” he said. He added that the IMF official responded positively to his proposal.

Shahbaz said, “With the concern that the IMF will not accept the reduction in electricity prices, it has now been abolished,” Shahbaz added that the international lender has reduced Pakistan to reduce electricity prices. Invited to present your plan.

The Prime Minister also praised his economic team for discussing the loan agreement and implementing unanimous reforms, saying that the IMF had acknowledged their efforts. The Prime Minister also pleased the team’s excellent work to secure the important bailout.

Talking about Pakistan’s relations with Saudi Arabia, Shahbaz said, “Riyadh has always been a reliable and brotherly partner and Pakistan will never compromise with Saudi Arabia’s sovereignty, security and regional integrity.”

While pledging to further facilitate the workers abroad in the matter of smooth transactions, the Prime Minister also mentioned the rapid increase in remittances overseas, which increased the confidence of the Pakistani Daspura on the government.

The State Bank of Pakistan (SBP) said earlier this week that seven months of fiscal year 2025 increased from $ 15.8 billion (31.7 percent) to $ 20.8 billion in the seven months of 2025, to $ 20.8 billion, It is indicated that workers’ contributions are underway. Support the nation’s economy.

Addressing a recent tragedy in Libya, where several Pakistanis lost their lives in the destruction of the migrant boat, the Prime Minister called for stringent action to end human trafficking, saying, “We should be awakened and This dark trade has to end. “

In a statement issued by the Prime Minister’s Office (PMO), the Prime Minister said that Pakistan’s economy is on the path to long -term rehabilitation, thanks to a program of stability by the IMF.

In a post on X, Georgiefa said, “I have encouraged Pakistan’s IMF’s reforms to have their strong commitment and their decisive measures have been supported.”

He added that they would help pave the way for Pakistan’s youth population and pave the way for more jobs.

Prior to the IMF review, the Government and the Central Bank have expressed confidence in meeting their goals, even after the bailout they received in September is struggling to recover Pakistan.

Sharif’s office said that Tuesday’s meeting focused on efforts to maintain economic stability and financial discipline brought under the government’s reform agenda under the IMF program.

He added that he pledged to maintain the pace of reforms, especially in areas such as tax, energy saving and private sector development.

Under the EFF program, a three -member IMF mission for diagnosis is separate in Pakistan.