Under a recently signed loan arrangement with the International Monetary Fund (IMF), the federal government is set to raise the electricity cost by Rs 3.50 per unit.
According to reports, the federal government will make a final decision on whether to raise the electricity tariff all at once or in phases. If the per-unit price is raised by one rupee, customers will incur an extra cost of Rs100 billion.
Power tariffs have recently risen due to the depreciation of the Pakistani rupee against the US dollar.
Furthermore, the National Electric Power Regulatory Authority (Nepra) has yet to rule on the distribution firms’ demand for an increase in power prices.
After approval from its executive board, the global lender will disburse the first tranche of $1.1 billion within the $3 billion standby arrangement.
