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Senate committee clears IMF-driven grid levy bill

27 1
17.05.2025

ISLAMABAD: The Senate Standing Committee on Finance and Revenue unanimously cleared the government’s Captive Power Plants Levy Bill 2025 on Thursday.

This bill aims to provide legal justification for the grid levy imposed on the supply of natural gas or imported liquefied natural gas to industrial captive power plants (CPPs) as of March 7.

The committee meeting presided over by Senator Anusha Rahman of PMLN “unanimously agreed with the bill as introduced in the Senate, with no recommendations,” said an announcement issued by the Senate Secretariat. The levy was imposed on the insistence of the International Monetary Fund (IMF) to reach a Staff-Level Agreement (SLA) on the second review of the $7 billion Extended Fund Programme (EFF).

Secretary Petroleum........

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