Islamabad: No decision could be reached between the International Monetary Fund (IMF) and the Finance Ministry on the gas sector revolving debt reduction scheme.
According to sources in the Ministry of Finance, the IMF did not respond to the draft of the dividend plug-in back scheme, while the Ministry of Finance and the Ministry of Energy on Friday expressed the possibility that the issue of electricity bills and dividend A reply from the IMF regarding the plug-in scheme is expected by Monday.
Sources said that the Pakistani authorities will re-introduce the dividend plug-in-back scheme with the IMF in the economic review.
According to the sources, under the plan, dividends of OGDCL, PPL, GHPL were to be adjusted in revolving credit.
Sources of the Ministry of Finance say that Pakistan had given a plan to reduce the revolving debt of the gas sector by Rs 400 billion through the Dividend Plug-in Back Scheme.
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