Tag: Power Tariff

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).

NEPRA increases power tariff

The National Electric Power Regulatory Authority (NEPRA) on Friday increased the tariff on electricity by Rs0.26 per unit. A notification was issued by the ministry of power, energy division after the authority’s approval. The increased tariff will come into effect for consumers who have used more than 300 units of electricity from December 1. As per the IMF agreement, the government is bound to increase power tariff under quarterly adjustment.