Under IMF pressure govt increases base tariff on electricity

Under the burden of International Monetary Fund (IMF) condition, the federal government has increased base tariff on electricity.

As per details, the federal cabinet has approved an increase in the basic tariff of electricity by an average of Rs5.72 per unit.

National Electric Power Regulatory Authority (Nepra) had sent a summary to the federal cabinet for the hike in power tariff.

Following the approval of Nepra, the federal government will issue a notification to increase the basic tariff of electricity.

Under the IMF conditions, the federal government will have to increase the basic electricity tariff by July 10.

The latest increase in tariff will bring an additional burden of about Rs600 billion on the electricity consumers.

Nepra will increase the basic electricity tariff for the financial year 2024-25 and the approved increase will be implemented from July 1, 2024.

After the raise, the per unit cost will reach Rs.35.50 from Rs29.78.