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Circular debt plan outline shared with WB - Newspaper


Salman Khan
ISLAMABAD: Pakistan on Tuesday shared with the World Bank a revised outline of the Circular Debt Management Plan that seeks rationalisation of taxes, negotiated takeover of old independent power plants (IPPs) and closure of all old public sector plants to increase electricity tariffs, but slightly lower than that committed with the lenders under the IMF programme.
This was the takeaway of a virtual meeting newly appointed federal Minister for Finance and Revenue Shaukat Tarin-led team of economic ministers and officials had with Managing Director (Operations) of the World Bank Axel van Trotsenburg. Federal Minister for Economic Affairs Omar Ayub Khan, Minister for Power Hammad Azhar, Special Assistant to the Prime Minister on Power Tabish Gauhar, SAPM on Revenue Dr Waqar Masood, the secretaries of finance, power and economic affairs divisions, Federal Board of Revenue chairman and State Bank of Pakistan governor attended the meeting. ....

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World Bank reiterates support to overcome Pakistan's energy challenges


World Bank reiterates support to overcome Pakistan’s energy challenges
Business
April 21, 2021
ISLAMABAD: The World Bank on Tuesday reiterated support to Pakistan for overcoming challenges in the energy sector and reaffirmed its commitment to assistance for the implementation of structural reforms.
World Bank Managing Director (Operations) Axel van Trotsenburg lauded the socioeconomic coverage extended to the marginalised sections of the society during Coronavirus pandemic. He held a virtual meeting Minister for Finance and Revenue Shaukat Tarin.
Federal Minister for Economic Affairs Division Omar Ayub Khan, Minister for Power Hammad Azhar, State Bank of Pakistan Governor Reza Baqir attended the meeting. ....

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