IMF wants strict levy on captive power plants

• Mandates gas disconnections to industrial CPPs by the end of January
• Says captive plants must transition to grid electricity or pay equivalent costs
• Compliance critical for the country to qualify for $1bn tranche in March

ISLAMABAD: Showing no flexibility towards changing a key structural benchmark, the Inter­national Monetary Fund (IMF) has asked the government to impose a substantial levy on gas supply to industrial captive power plants (CPPs) to eliminate any cost benefit...