Pakistan raises power tariffs under IMF deal — PM

People shop at a market in Islamabad, Pakistan, on April 17, 2023. (AFP/File)
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Updated 24 July 2023
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Pakistan raises power tariffs under IMF deal — PM

  • PM Shehbaz Sharif says consumption of up to 200 units to be exempted from tariff increase
  • Arrears to Pakistan’s power generation companies have accumulated in billions of dollars

ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif said on Monday that the country’s power tariffs had been increased under an International Monetary Fund deal.
“We had to increase electricity prices because of the IMF deal,” he said at an event in Islamabad, adding, that it would not impact poorer citizens.

Sharif said consumption of up to 200 units, which make up 63 percent of total consumers, will be exempted from the tariff increase, adding that another 31 percent will also have a partial subsidy.

He said the rise will be up to 5.75 rupee ($0.020) a unit.

The lender had pointed out that liquidity conditions in the power sector remained acute, with a buildup of arrears.

The arrears to Pakistan’s power generation companies have accumulated in billions of dollars.


Pakistan to send over 10,000 workers to Italy over three years after securing employment quota

Updated 27 December 2025
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Pakistan to send over 10,000 workers to Italy over three years after securing employment quota

  • Government says Italy will admit 3,500 workers annually under seasonal and non-seasonal labor schemes
  • It calls the deal a 'milestone' as Italy becomes the first European country to allocate job quota for Pakistan

ISLAMABAD: Pakistan has secured a quota of 10,500 jobs from Italy over the next three years, an official statement said on Saturday, opening legal employment pathways for Pakistani workers in Europe under Italy’s seasonal and non-seasonal labor programs.

Under the arrangement, 3,500 Pakistani workers will be employed in Italy each year, including 1,500 seasonal workers hired for time-bound roles, and 2,000 non-seasonal workers for longer-term employment across sectors.

The Ministry of Overseas Pakistanis and Human Resource Development said Italy is the first European country to allocate a dedicated labor quota to Pakistan, describing the move as a milestone in Pakistan’s efforts to expand overseas employment opportunities beyond traditional labor markets in the Middle East.

“After prolonged efforts, doors to employment for the Pakistani workforce in Italy are about to open,” Federal Minister for Overseas Pakistanis Chaudhry Salik Hussain said, calling the quota allocation a “historic milestone.”

The jobs will be available across multiple sectors, including shipbreaking, hospitality, healthcare and agriculture, with opportunities for skilled and semi-skilled workers in professions such as welding, technical trades, food services, housekeeping, nursing, medical technology and farming.

The agreement comes as Pakistan seeks to diversify overseas employment destinations for its workforce and increase remittance inflows, which remain a key source of foreign exchange for the country’s economy.

The ministry said a second meeting of the Pakistan-Italy Joint Working Group on labor cooperation is scheduled to be held in Islamabad in February 2026, where implementation and future cooperation are expected to be discussed.