Finance Minister Dr Shamshad Akhtar said on Wednesday that the country’s fiscal space has not allowed for subsidies or bailouts, urging senators to “live up to expectations” of relief for the exorbitant electricity bills offered by Acting Prime Minister Anwarul Haq Kakar. and asked electricity consumers.
“Keep your hopes down,” she said, apparently after consulting with the International Monetary Fund (IMF) about the government’s intentions to loosen programs to ease the burden on utility bills. “These were approved long before we arrived and you really have to think about it to look at things…they have been around for decades. Can we change policy,” she said.
She said she was “not concerned about the IMF,” but what worries her most is the pressure on the country’s worse-than-expected economic and fiscal situation, making the most vulnerable more vulnerable. There is no room for subsidies other than high levels of support. One is she protects social security networks such as BISP.
