Government approves massive power tariff hike to meet IMF demands

In a late-night move, the federal cabinet approved a massive hike in electricity base tariff through circulation summary as Pakistan is moving ahead to meet the IMF conditions. The federal government has increased the basic power tariff by Rs3 to Rs7.5 per unit for several consumers on the recommendation of the National Electric Power Regulatory Authority (Nepra).

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According to the proposal, the government recommended an increase of Rs3 per unit for the non-protected residential consumers using 1 to 100 units which will take the current per unit cost from Rs 13.48/unit to Rs 16.48/unit.

Similarly, for the residential consumers using above 700 units, the government proposed a hike of Rs 7.5/unit from the existing Rs35.22/unit to Rs 42.72/unit.

Source: ARY News