EpaperLHR_2020-07-20

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Monday, 20 July, 2020 I 28 Dhū al-Qa‘dah, 1441 I Rs 25.00 I Vol XI No 22 I 52 Pages I Lahore Edition

Economic TEam, cabinET dividEd on implEmEnTaTion of imf’s condiTions ISLAMABAD

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Shahzad paracha

HE government’s economic team has reportedly failed to convince the cabinet members regarding the implementation of the reform agenda agreed with the International Monetary Fund (IMF) under the Extended Fund Facility (EFF). According to sources Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh was in the favour of implementing the IMF conditions pertaining to increase in electricity tariffs, autonomy for State Bank of Pakistan

IMPLEMENTATION OF IMF’S CONDITIONS WILL INCREASE ELECTRICITY TARIFFS, PASS ON COST OF POWER THEFT TO CONSuMERS AND PROvIDE HIGHER AuTONOMY FOR SBP

(SBP) and amendment in National Electric Power Regulatory Authority (NEPRA) Act, however some cabinet members expressed their reservations regarding these conditions. Earlier on July 16, Prime Minister Imran Khan had postponed the decision to increase the price of electricity for consumers of Karachi Electric Supply

Company (K-Electric). According to sources, the PM’s decision came after the Economic Coordination Committee’s (ECC) approval to increase the price of electricity for KElectric consumers by Rs2.79 per unit. Sources further said that consumers of K-Electric were getting electricity at a lower rate compared to the rest of

Covid-19 recoveries top 200,000; active cases drop below 54,000

ISLAMABAD TLTp

The number of recovered coronavirus patients in the country has reached 204,276 so far, while the number of active Covid-19 cases dropped to 53,652 from 57,886 in the past 24 hours. According to the latest statistics issued by National Command and Operation Centre (NCOC) on Sunday, 1,579 new coronavirus cases were reported in the country during the last 24 hours taking the tally to 263,496. Meanwhile, 46 patients died of the virus during the same period taking the death toll to 5,568. A total of 22,559 coronavirus

tests were carried out during the aforementioned period. The total reported cases include 112,118 in Sindh, 89,793 in Punjab, 31,890 in Khyber Pakhtunkhwa (KP), 11,424 in Balochistan, 14,576 in Islamabad, 1,807 Gilgit-Baltistan (GB) and 1,888 in Azad Jammu and Kashmir (AJK). A total of 298 patients across the country are on ventilators. A total of 1,823 ventilators are allocated for Covid-19 patients. 3,249 CHILDREN INFECTED IN SINDH: Meanwhile, Sindh government spokesperson Murtaza Wahab said that as many as 3,249 children under the age of 10 have so far been infected with coronavirus in the province.

In a Twitter post, he said 22,554 people above the age of 50 were affected by Covid19 in the province. He urged people to exercise all precautions, wear masks and not go out unnecessarily. “Infection rate has come down but we have to ensure there is no spike during Eid,” Murtaza Wahab stressed. PUNJAB REPORTS 328 FRESH CASES: The government of Punjab reported 328 new cases of the coronavirus in the last 24 hours, taking the province’s total number of confirmed infections to 89,793. According to the Primary and Secondary Healthcare Department, 12 more people died of the virus during the period, due to which the death toll in the province rose to 2,079. As many as 65,436 patients have recovered while overall 644,077 tests have been conducted so far. According to district-wise breakdown of fresh coronavirus cases, Lahore reported 133 cases, Nankana Sahib and Kasur, three each, Shiekhupura, one, Rawalpindi, twelve, Jhelum, three, Chakwal, one, Gujranwala, 19, Sialkot, eight, Gujrat, 13, Multan, 18, Faisalabad, 26, Jhang, five, Rahim Yar Khan, four, Bahawalpur, eleven, Sahiwal, five, Okara, nine, and Pakpattan, four.

Bidding process for CPEC western route underway, says Asim Bajwa ISLAMABAD app

Special Assistant to Prime Minister on Information and Broadcasting Asim Saleem Bajwa on Sunday said that the bidding process for a part of China Pakistan Economic Corridor’s (CPEC) western route is underway. The part of the CPEC’s western route includes Zhob-Kuchlak (Quetta) road. Asim Saleem Bajwa said that the project is direly needed by the people of Balochistan, in a tweet on Sunday. He further informed that the matter pertaining to Chinese

funding for Dera Ismail Khan to Zhob section of CPEC’s western route was being processed to be included in the upcoming meeting of Joint Coordination

Committee (JCC) of CPEC. He added that the completion of this 210 kilometre (km) project would connect Islamabad and Quetta through an expressway. The National Highway Authority (NHA) has already invited bids from eligible firms for the 298 km Kuchlak to Zhob section of N-50. The project will be completed in five packages including 65 km Zhob to Tangi section, 65 km Tangi to Qila Saifullah section, 50 km Qilla Saifullah to Nasai section, 65 km Nasai to Khanozai section and a 53 km Khanozai to Kuchlak section.

the country. According to sources, the IMF conditions also include amendments in SBP Act which will give autonomy to the central bank and changes in the NEPRA Act. Earlier, on June 10, the government had introduced the Electric Power Act bill in the National Assembly, which is yet to be approved. The amendments would permit the federal government to pass on the cost of inefficiency and power theft to electricity consumers through the imposition of surcharges. Sources further disclosed that the IMF also wants clarity on how Pakistan plans to improve its revenue during the

current fiscal year. The government had earlier set a revenue target of Rs4,963 billion for FY21, after the approval of IMF. The IMF team is due to visit Pakistan in September to review the implementation of the reform agenda under the Extended Fund Facility (EFF). The IMF might discontinue the facility if it finds the implementation of its conditions unsatisfactory. Sources alleged that Dr Hafeez Shaikh might be asked to leave his position as the prime minister’s adviser if the EFF programme is discontinued. However, Ministry of Finance officials rejected this notion.


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