According to Pakistody’s news International Monetary Fund (IMF), the country’s crypto currency mining, data centers and heavy industry, including 2 thousand MW discount electricity offer on July 3 rejected. The secretary of the Senate Energy Committee. Fakhray Alam Irfanannounced that the fund did not accept the plan on the grounds that there are disorders in the market. By implementing the project, the surplus of production in winter aimed to evaluate electricity and attract foreign investment. The IMF veto pushed the future of the project into uncertainty.
IMF’s rejection rationale: disrupts the competitive environment
Senator who manages the committee Mohsin AzizAccording to the report submitted to the 2 thousand MW capacity crypto currency mining, data centers and metal production facilities, such as energy -dense sectors would be accelerated.
IMF The delegation argued that the subsidies would disrupt the competitive environment and create artificial price differences in tariffs. Such a support was warned that it reduces efficiency in the long run and increases public financial pressure.
Dr. Irfan, “No approval for now, negotiation continues,” he said that the proposal can be revised according to international standards, he said.
Movement was taken to solve the problem
The post -VTO government contacted other financial institutions to redesign the subsidy policy. Currently, 58 percent of consumers use a discounted tariff of 10 rupees per kilowat. In the 2025 budget, 250 billion rupees were allocated for this support.
It is aimed to spread smart meters and remote monitoring systems to reduce the loss-leakage ratio. Committee, illegal electric He instructed to expand the technological measures against the use and to prepare a detailed report at the next meeting.
275 trillion rupees at the meeting came to the agenda with the banks to reduce circular debt. Senator Shibli hypothesisHe added that the agreement is not transparent by claiming that banks were pushed to give credit to force.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
