Pakistani government on Friday increased the base power tariff by Pakistani Rs 1.39 per unit to fulfil the International Monetary Fund (IMF) demand to stay in its programme, local media reported.
The increase will become effective from November and continue till the end of the financial year, June 2022, The News International reported.
According to the Pakistani publication, the tariff has been increased after the government withdrew Pakistani Rs 72 billion subsidy, which it was provided to various categories of power consumer. Now, the government has reduced the subsidy requirement from earlier Rs 240 billion to Rs 168 billion.
