Pakistan, Oct. 12 -- Pakistan has accelerated reforms in the energy sector to implement International Monetary Fund (IMF) conditions and directives, with the government preparing to overhaul the existing electricity and gas slab and cross-subsidy systems. According to sources, the proposed system aims to restrict electricity and gas subsidies to genuinely deserving and low-income consumers.

Under the plan, a new electricity subsidy mechanism will be introduced in January 2027, while the revised system for gas consumers is expected to take effect on July 1, 2027. To improve transparency and efficiency, the Power Division has started work on a dedicated socioeconomic registry of eligible consumers with support from the World Bank. Sources ...