Government of Pakistan Acknowledges Power Bill Crisis Amid Escalating Protests
Islamabad, Pakistan Pakistani government is public over soaring power bill, fuel prices, and rapid inflation, as nationwide protests gain momentum.
Finance Minister’s Stark Warning
Finance Minister Shamshad Akhtar addressed members of Pakistan’s upper house of parliament, admitting the government’s inability to offer immediate relief. She cautioned that tariff hikes might be on the horizon. Akhtar pointed out that Pakistan’s Power Bill fiscal them from subsidies to the public, which is burdened by nearly 30 percent inflation.
“We are an import-dependent country, and have to be passed, which is going to hurt people.”
Pakistan’s economy is on shaky ground,in July thanks to a $3 billion bailout package from the International Monetary Fund (IMF). However, the conditions of the IMF Power Bill agreement mandated painful reforms, leading to increased inflation for the public. These removal of power sector subsidies, higher energy and fuel prices, and a market-based currency support for the local currency. Since the fiscal year began in July.
The Pakistani rupee has devalued by 10.5 percent against the United States dollar.
Impact on Tariffs and Public Outcry
Following the IMF agreement, Pakistan’s power the national average tariff. By five rupees per unit, with revision sought by the government this month. Caretaker Prime Minister Anwaar-ul-Haq Kakar pledged to seek recommendations for providing “maximum relief” to consumers.
Government Response and Public Dissent
Interim Information Minister Murtaza Solangi, in a statement on X (formerly known as Twitter). Right to peaceful protest tolerate violence. He, “Protesting, burning bills, paying bills will not only fail to lower electricity costs but also plunge many into darkness.” Angry protesters continue to gather in various cities, particularly in Punjab and Sindh provinces, government action to curb rising prices.