IMF demands to solve subsidy, payment matters of K-electric 

Islamabad: International Monetary Fund (IMF) has demanded to solve subsidy and payment matters of K-electric in this current financial year.

According to the details, the conflict is between power division and K-electric on the payments of Rs66 trillion from 2013. The government discos are double from the subsidy given to K-electric. This money is in revolving credit on which government is paying heavy interest rate.

IMF told the prime minister Shehbaz Sharif that this problem is not being solved from 10 years. K-electric has to pay power dues of sui southern gas and national transmission and dispatch company.

In this regard, K-electric stated that the payments will be given if the Karachi water and sewerage board will give money.

It should be noted that the K-electric agreement had finished in 2015. Earlier in few months between K-electric and the caretaker government have agreed again to do business of electricity buying and selling.