In an important announcement has been made by the Power Division, the news of an increase in electricity tariff is not true.
Power Division has clarified that there was no talk of raising electricity prices with the International Monitory Fund (IMF).
Power Division said the news in this regard was baseless and wasn't true. The power division declared that the division did not discuss raising prices with international lenders.
Read more: Govt assures IMF of transparency in SIFC operations
The government has assured the International Monetary Fund (IMF) of transparency in the operations of the Special Investment Facility Council (SIFC).
According to the details, negotiations between Pakistan and the IMF for a new bailout package are going on, with an IMF mission currently visiting Pakistan on a two-week visit.
The IMF has been assured of transparency in the SIFC's operations, sources said, adding that investments would be made under the Public Investment Management Framework.
