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Govt to release Rs45 billion for easing power crisis

Setting aside the tremendous pressure from International Financial Institutions (IFIs), the caretaker government here on Friday announced that it would provide additional Rs45 billion as subsidy to the power consumers for the current and next months to ensure smooth supply of furnace oil for substantial hike of about 3500MW to cope with the crippling loadshedding.Despite the pressure being exerted by multilaterals, the government has decided to provide Rs45 billion additional subsidy to power consumers as Rs10 billion for ongoing month and Rs35 billion for the month of May to arrange fuel for plants to overcome power outages.

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