Prime Minister (PM) Shehbaz Sharif stated that they increased the power tariff according to the agreement signed with the International Monetary Fund (IMF).
no power hike for consumers using up to 200 units: He made this statement while addressing at the Lahore signing of the contract between Pakistan LNG Limited and SOCAR, an Azeri company.
The premier emphasized that the increase in the price of electricity would not impact the poor.
Additionally, He made it clear that the power increase won’t affect the total household consumers, who use up to 200 electrical units, or around 63% of them. According to Prime Minister (PM) Shehbaz Sharif, 31% of consumers have also received partial subsidies.
Furthermore, those who use more than 300 units each month would be subject to the new Rs5.75 charge.
Further, To comply with International Monetary Fund (IMF) requirements, the federal cabinet last week approved a significant increase in the power base pricing through a circulation summary.
However, On the suggestion of the National Electric Power Regulatory Authority (Nepra), the cabinet approved an increase in the cost of electricity.