In close collaboration with the World Bank, the government will finalize the schedule for further electricity tariff adjustments during 2008/09, by end-December 2008, with a view to eliminating tariff differential subsidies by end-June 2009.

R0 macroeconomic rationale:  To ensure the targeted reduction in the fiscal deficit and to help eliminate State Bank of Pakistan's (SBP) financing of the government (expenditure measure).
