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Poor consumers to get cash via BISP: Govt, IMF agree to make power subsidies more targeted
ISLAMABAD: The International Monetary Fund (IMF) and the government are expected to finalise next week a mechanism for replacing tariff-based electricity subsidies for poor consumers with direct cash transfers through the Benazir Income Support Programme (BISP), as part of efforts to make energy subsidies more targeted and contain circular debt. Informed sources told Business Recorder that the proposed shift from subsidised electricity tariffs to direct cash assistance would be discussed during the policy round of the ongoing IMF review, with both sides expected to settle the practical modalit...
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