Omar, IMF, WB officials discuss circular debts

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ISLAMABAD
World Bank(WB), International Monetary Fund (IMF) and Asian Development Bank (ADB) officials called on Federal Minister for Power Omar Ayub here on Friday and discussed matters related to circular debts.
As per the detail, the officials of the power division briefed meeting about plans prepared on circular debts. The officials expressed satisfaction over a plan presented by the power division on circular debts.
Addressing a news conference here on Friday, he has said that measures are being considered to give relief to industrial and other consumers. He said electricity consumers were given subsidy of 226 billion rupees in budget.
The Minister said that a special subsidy was given to agricultural consumers using less than 300 units of electricity. He said a package of subsidized rates will also be introduced for domestic and commercial consumers.
The Minister said that subsidized rate of 11.97 rupees per unit will be available to consumers using additional units. Omar Ayub Khan said 31.19 percent consumers will avail the subsidized rates.

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