ISLAMABAD: Consumers are expected to brace for an electricity tariff hike as the government has decided to raise the current rate prior to receiving a loan tranche of about $450 million from the International Monetary Fund (IMF).
In accordance with the decision, 10 distribution companies of ex-WAPDA are anticipating Rs17.2 billion additional revenue generation through an average price increase of about 18 paisa per unit.
Once cleared by the National Electric Power Regulatory Authority (NEPRA), the average electricity tariff would increase to about Rs13.69 per unit, excluding general sales tax and some other taxes and duties, from the current rate of Rs13.51 per unit.
The hike in power tariff was one of the remaining agenda items between the IMF mission and Pakistani authorities at the conclusion of the first quarter review last week.
“Work continues towards completing the remaining structural benchmarks for end-September,” the IMF reported last week.
For more news and blogs, visit Graana.com.
As Milan’s real estate boom starts to stabilize, investors are increasingly looking toward Rome as…
Dubai’s skyline is set to welcome a new icon as Azizi Developments launches global sales…
The federal government is considering removing the Federal Excise Duty (FED) on the transfer of…
Under the patronage of Minister of Housing and New Urban Communities Sherif El-Sherbiny and Minister…
The Capital Development Authority (CDA) has scheduled an open auction for commercial plots at Jinnah…
The capital city of Pakistan is gearing up for a grand celebration as Interior Minister…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
