ISLAMABAD: Consumers using more than 300 units of electricity will be affected by an increase of 1.75% in power tariffs effective from December 1 as the government approved the new rates prior to an executive board meeting of the International Monetary Fund (IMF).
Effective from December 1, the revised rates will compel consumers across all categories to pay an increased price of 15 paisa per unit, while commercial and industrial consumers will be required to fork out an additional 11 paisa per unit.
Of the entire 30 million consumers of electricity, approximately 20 million are the ones who use under 300 units per month.
Once implemented, the average electricity tariff will rise to Rs13.77 per unit from the current Rs13.51 per unit, excluding general sales tax, monthly fuel price adjustments and some other taxes and duties.
The fourth increase in tariffs since January this year also aims to meet the terms of the IMF’s condition to restrict the flow of circular debt to an agreed level.
For more news and blogs, visit Graana.com.
Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…
Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…
Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…
Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…
Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…
Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…